Oilmax Energy Aims for ₹3,000 Crore Revenue by 2028-29 with $200 Million Investment
Oilmax Energy targets ₹3,000 crore in revenue by 2028-29, focusing on oil, gas, coal, and coal gasification. The company plans to invest $200 million, projecting a profit of ₹500 crore from its three main business segments.
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Oilmax Energy is pursuing a revenue target of ₹3,000 crore by 2028-29, supported by a $200 million investment strategy. This investment, primarily sourced from internal accruals, will enhance its operations in oil, gas, coal, and coal gasification, with each segment expected to generate ₹1,000 crore in revenue.
The company anticipates a profit of ₹500 crore from these initiatives. The resource ownership segment, which includes oil fields and mines, is projected to deliver higher margins, while services such as operations and maintenance will ensure steady cash flows.
Additionally, the West Asia operations are expected to grow significantly following a recent acquisition. The geopolitical landscape is seen as advantageous for the energy sector, with a notable focus on coal bed methane, where the company plans to invest $100 million to boost production.
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