Oil and Gas PSUs becoming tech-driven, profitable and future-ready: Puri

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Thursday underscored that India’s oil and gas public sector undertakings (PSUs) are steadily evolving into technology-driven, profitable and future-ready energy institutions, in line with the transformative vision of Prime Minister Narendra Modi.

- TBG NETWORK

Highlighting the strong performance of oil and gas PSUs, the Minister said that the sector is demonstrating how robust economic outcomes and long-term energy transition can progress together. In a social media post, the minister stated, “Guided by the transformative vision of Hon’ble Prime Minister Sh @narendramodiji, country’s oil and gas PSUs are evolving into technology-driven, profitable and future-ready energy institutions”. He cited Hindustan Petroleum Corporation Limited (HPCL) as a key example of this transformation. According to Puri, HPCL recorded a 206 per cent increase in Profit After Tax (PAT) over a nine-month period, reaching Rs 12,274 crore. The company also reported