Mr. Hardeep Singh Puri, Minister of P&Gas stamps his approval on NewsIP ‘s notions
Shri Hardeep Singh Puri, Minister of Petroleum & Natural Gas while delivering a talk at Republic TV Summit 2024, announced that he was never in favour of the privatization of Bharat Petroleum Ltd. He went on to add that this public sector giant, in one quarter added enough money to the exchequer as would have been fetched by its selling.
This important statement was a silver lining to the clouds that had gathered on the horizon on account of the senseless pursuit of privatization by pressure groups within and outside the government. It was also a vindication of the lone fight that NewsIP had been fighting.
A fight against the annihilation of profitable PSEs and flittering away of the gains made and value added by the PSEs in pursuit of temporary and short-term gains. Oil & gas is one of the most strategic areas of the Indian economy and it may take some time before other energy sources take centre stage.
Government along with PSUs make sizeable contribution towards Capex
The Minister mentioned that economic realities were changing fast. Soon there would be very few nations in the refining space and India would be one of the leading ones.
Readers will recall that NewIP has been bringing to its esteemed readers many diverse exposes on the energy front. It mentioned, how the advisors and policy framers for the Oil & Gas Sector have in many ways been misleading the government on the issue of privatization of profitable PSEs. These vital assets are not mere companies but the sovereign properties of the nation, which have stood by the citizens, in all times of crisis, whether in peace or war. Today is indeed a red letter day in the history of the nation when a great leader has clarified to the nation the inner thoughts of the powers to be.
NewsIP has given below the links to the earlier articles on this critical subject as well as the Video Clip of the Minister for the kind attention of its readers.
“BPCL’s Alkaline Electrolyser: India’s Green Hydrogen Leap at IEW 2024”
Stellar performance in Refining beats the market expectations on BPCL’s Q1 net profit”- BPCL
To Sell BPCL at a lower price would be like selling diamond in Junk : Moily(Former Pet.Minister)
BPCL rose up to the challenges and served the energy needs of the nation uninterrupted-CMD-BPCL
