Oil & GasIPM · Central Project +52.1% Overrun#400087

Redevelopment of Sobhasan Complex

Ministry of Petroleum & Natural GasGujaratData: 2026-05

Revised Cost: ₹1348 CrUtilization: 75.9%Overrun: +₹462 Cr

Original Cost

₹886 Cr

Baseline estimate

+52%

Revised Cost

₹1348 Cr

Latest approved cost

Expenditure

₹1022 Cr

Spent to date

Utilization

75.9%

Of revised budget

Escalated

Cost Status

+52.1%

+₹462 Cr increase

Remaining

₹325 Cr

Budget left

Budget Utilization

75.9%

0%25%50%75%100%

Spent

₹1022 Cr

Remaining

₹325 Cr

Total

₹1348 Cr

Budget Split

SpentRemaining

Cost Escalation Analysis

Original Cost

₹886 Cr

Revised Cost

₹1348 Cr

Increase

+₹462 Cr

Escalation

+52.1%

Project Timeline

Project Approved

Construction / Implementation

Original End Date

31/03/2027

Revised Completion

31/03/2027

Completed

Project Details

Project Code400087

SectorOil & Gas

MinistryMinistry of Petroleum & Natural Gas

StateGujarat

Data Month2026-05

Financial & Timeline

Original Cost₹886 Cr

Revised Cost₹1348 Cr

Expenditure₹1022 Cr

Original End Date31/03/2027

Revised Date31/03/2027

Project Intelligence

Cost has increased by ₹462 Cr (52.1%) from the original estimate of ₹886 Cr.

Expenditure stands at ₹1022 Cr, which is 75.9% of the revised project cost.

Remaining budget: ₹325 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 "Redevelopment of Sobhasan Complex"?: Redevelopment of Sobhasan Complex 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: Gujarat. Original cost: ₹886 Cr.
What is the cost overrun for this Bihar IPM project?: The original cost was ₹886 Cr and has been revised to ₹1348 Cr — a cost overrun of +52.1%. Expenditure to date: ₹1022 Cr (75.9% of revised cost). Data as of 2026-05.
Which ministry is responsible for this project?: Redevelopment of Sobhasan Complex is under the Ministry of Petroleum & Natural Gas in the Oil & Gas sector. Project code: 400087. 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. Redevelopment of Sobhasan Complex is one of several Bihar projects tracked under the Oil & Gas sector on the IPM system.

Frequently Asked Questions

What is IPM project "Redevelopment of Sobhasan Complex"?

Redevelopment of Sobhasan Complex 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: Gujarat. Original cost: ₹886 Cr.

What is the cost overrun for this Bihar IPM project?

The original cost was ₹886 Cr and has been revised to ₹1348 Cr — a cost overrun of +52.1%. Expenditure to date: ₹1022 Cr (75.9% of revised cost). Data as of 2026-05.

Which ministry is responsible for this project?

Redevelopment of Sobhasan Complex is under the Ministry of Petroleum & Natural Gas in the Oil & Gas sector. Project code: 400087. 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. Redevelopment of Sobhasan Complex is one of several Bihar projects tracked under the Oil & Gas sector on the IPM system.