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Oil PSUs to provide Rs 100 crore towards Badrinath development master plan

07 May 2021 Evaluate

Oil Public Sector Undertakings (PSUs) including Indian Oil Corporation (IOC), Oil and Natural Gas Corporation (ONGC), GAIL (India), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have committed Rs 100 crore towards the Badrinath development master plan and will be undertaking several works for the beautification of the temple & its surroundings, including pilgrim and environment-friendly amenities, water supply, sewage management, among others.

This is perhaps the first time top PSUs under one administrative ministry have committed funds for developing a religious shrine.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Peers
Company Name CMP
Reliance Industries 1275.00
Indian Oil Corpn. 135.30
Bharat PetroleumCorp 303.00
HPCL 354.00
MRPL 181.35
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