Oil & GasIPM · Central Project +5.3% Overrun#619328

ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field

Ministry of Petroleum & Natural GasMaharashtraData: 2026-05

Revised Cost: ₹3908 CrUtilization: 39.9%Overrun: +₹195 Cr

Original Cost

₹3713 Cr

Baseline estimate

+5%

Revised Cost

₹3908 Cr

Latest approved cost

Expenditure

₹1558 Cr

Spent to date

Utilization

39.9%

Of revised budget

Escalated

Cost Status

+5.3%

+₹195 Cr increase

Remaining

₹2351 Cr

Budget left

Budget Utilization

39.9%

0%25%50%75%100%

Spent

₹1558 Cr

Remaining

₹2351 Cr

Total

₹3908 Cr

Budget Split

SpentRemaining

Cost Escalation Analysis

Original Cost

₹3713 Cr

Revised Cost

₹3908 Cr

Increase

+₹195 Cr

Escalation

+5.3%

Project Timeline

Project Approved

Construction / Implementation

Original End Date

31/03/2027

Revised Completion

31/03/2027

Completed

Project Details

Project Code619328

SectorOil & Gas

MinistryMinistry of Petroleum & Natural Gas

StateMaharashtra

Data Month2026-05

Financial & Timeline

Original Cost₹3713 Cr

Revised Cost₹3908 Cr

Expenditure₹1558 Cr

Original End Date31/03/2027

Revised Date31/03/2027

Project Intelligence

Cost has increased by ₹195 Cr (5.3%) from the original estimate of ₹3713 Cr.

Expenditure stands at ₹1558 Cr, which is 39.9% of the revised project cost.

Remaining budget: ₹2351 Cr. Project is tracked under the DPIIT Investment Project Monitoring system.

Sector: Oil & Gas. Ministry: Ministry of Petroleum & Natural Gas.

Frequently Asked Questions

What is IPM project "ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field"?: ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field is a centrally-funded infrastructure project under the Ministry of Petroleum & Natural Gas, tracked through the Investment Project Monitoring (IPM) system. Sector: Oil & Gas. State: Maharashtra. Original cost: ₹3713 Cr.
What is the cost overrun for this Bihar IPM project?: The original cost was ₹3713 Cr and has been revised to ₹3908 Cr — a cost overrun of +5.3%. Expenditure to date: ₹1558 Cr (39.9% of revised cost). Data as of 2026-05.
Which ministry is responsible for this project?: ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field is under the Ministry of Petroleum & Natural Gas in the Oil & Gas sector. Project code: 619328. Bihar is one of the states tracked under the central IPM dashboard for this project.
What is the IPM dashboard and what does it track?: The Investment Project Monitoring (IPM) dashboard, maintained by DPIIT (Department for Promotion of Industry and Internal Trade), tracks centrally-funded infrastructure projects worth ₹150 Crore and above. ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field is one of several Bihar projects tracked under the Oil & Gas sector on the IPM system.

Frequently Asked Questions

What is IPM project "ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field"?

ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field is a centrally-funded infrastructure project under the Ministry of Petroleum & Natural Gas, tracked through the Investment Project Monitoring (IPM) system. Sector: Oil & Gas. State: Maharashtra. Original cost: ₹3713 Cr.

What is the cost overrun for this Bihar IPM project?

The original cost was ₹3713 Cr and has been revised to ₹3908 Cr — a cost overrun of +5.3%. Expenditure to date: ₹1558 Cr (39.9% of revised cost). Data as of 2026-05.

Which ministry is responsible for this project?

ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field is under the Ministry of Petroleum & Natural Gas in the Oil & Gas sector. Project code: 619328. Bihar is one of the states tracked under the central IPM dashboard for this project.

What is the IPM dashboard and what does it track?

The Investment Project Monitoring (IPM) dashboard, maintained by DPIIT (Department for Promotion of Industry and Internal Trade), tracks centrally-funded infrastructure projects worth ₹150 Crore and above. ONGC-BP Redevelopment Phase-1 Scheme of Mumbai High Field is one of several Bihar projects tracked under the Oil & Gas sector on the IPM system.