27 November, 2020

Outlook SpeakOut | PSUs Promise To Take Odisha To Newer Heights

It is this spirit of the public sector com­panies that promises to take Odisha to its next level of development.

Public Spirit
At a panel discussion on ‘The Role of PSUs in Odisha’s Development’, the participants talked about how PSUs can help Odisha realise its potential
Outlook SpeakOut | PSUs Promise To Take Odisha To Newer Heights

Odisha has always been very rich in natural resources such as coal, and thus it has been home to many public sector undertakings or PSUs for many decades. But now there is a new thrust on the role of PSUs, especially in the oil and gas ­sectors. “Since the commissioning of Paradip Refinery, which is the single largest investment by the Indian Oil Corporation in any state, we have set up a state-of-the-art ­refinery at a cost of Rs 35,000 crore. It opens a new chapter for the whole economy in the ­region based on oil and gas,” said Sanjiv Singh, chairman and managing director, Indian Oil Corporation, at the OutlookSpeakOut: ReImagining Odisha event in Bhubaneswar.

The other big PSU, GAIL (India) Ltd, is in the process of implementing its ambitious project of setting up a major pipeline ­network in Odisha. “The gas infrastructure is going to create a new energy highway in the state,” said B.C. Tripathi, chairman and ­managing director, GAIL, participating in a panel discussion on ‘The Role of PSUs in Odisha’s...



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