Our SAD-BJP Govt. has made several efforts-Grewal

Sat, Jan 4, 2014 at 2:02 PM
Now several Industrial houses are keen to invest in Pb.
Ludhiana ( Bhukhari Kalan ) , 4 January 2013: (Seven Seas News Nettwork):

Sukhminderpal Singh Grewal Former Vice Chairman Punjab Small Industry and Export Corporation ( PSIEC ) said that our SAD-BJP Government has made several efforts to boost the industrial sector in Punjab state. Grewal said that due to these efforts of SAD-BJP Government as result several business houses are keen to invest in our Punjab. In a press conference here with local media persons at induction furnace (CI and SG casting mills) Grewal Alloys Bhukhari Kalan Ludhiana, he said that no one other state in India can compete the Industry and people of Punjab in Industry for their good efforts of Fine quality , Finely furnished , High luster , High durability , High performance , High efficiency , High tensile strength , Corrosion resistant , Dimensionally accurate , Long life , Low maintenance , Reliable , Competitive prices , Competitive prices , Longer life  with Pocket friendly prices in Punjab. Grewal said that punjabi's are enlisted as leading manufacturer and supplier of a wide array of industrial CI casting products. These CI Casting Products are widely applicable in various automobile industries as well as in other locomotives industries. He said that Punjab's industrial CI castings product are precisely engineered to meet the exact demand and requirement of our huge clients. He said that Punjab Industry is offering the clients a comprehensive array of CI Casting Products. These are used in a large number of projects of town planning and renovation. The range of products of Punjab Industry is corrosive resistant material and is completely defect free as punjabi's culture. Grewal said that our Industry in Punjab amongst the prominent industries that manufacture and supplier CI Casting Products that are sturdily constructed in our industry using high grade raw material. These are very cost-effective and have a long functional life. CI castings are in conformation with industry standards and are highly resistant to corrosion. Apart from this, these castings can easily be availed at industrial leading rates. Grewal said that our Punjab Industry with the help of our finest expertise we are able to offer CI Casting Products to our valuable clients. These are very cost effective and have a long functional life. CI Casting Products are in conformation with industry standards and are highly resistant to corrosion. He said that Punjab Industry is offering the customers high quality CI Casting Products, which are highly appreciated by our customers. These CI Casting Products are manufactured by fine quality material, which ensures its best quality. Our range of Steel Castings are available at market leading prices. Grewal said that Punjab has years of experience in manufacturing of world class CI Casting Products which are made up with genuine raw material in order to ensure long lasting performance and durability. It is our consistent hard work of years that has proven our capability to meet the requirements of special purpose CI Casting Products, these are high production and reliability. Grewal said that the investments in Punjab in the new year 2014 would provide a fillip to the industrial sector. He stated that adding the infrastructure in the state would be developed for benefit of the existing and new industries in the state. He said that for the better traffic movement in state all highways in Punjab would be of four or six lane. He said that the better infrastructure will also help in increasing business activities in our State. Grewal said that the big industrial business houses from other states and abroad are now prepared to make huge investments in our Punjab state.

PM Dedicates Bhatinda Refinery to Nation

This refinery will fulfill a long cherished dream:PM

The Prime Minister, Dr. Manmohan Singh being welcomed by the Chief Minister of Punjab, Shri Prakash Singh Badal, on his arrival at Bathinda Refinery helipad, in Bathinda, Punjab on April 28, 2012. The Governor of Punjab, Shri Shivraj Patil is also seen. (PIB photo)  28-April-2012

The Prime Minister Dr. Manmohan Singh dedicated Guru Gobind Singh Refinery at Bhatinda to the Nation today. Present on the occasion were the Governor of Punjab Shri Shivraj Patil, Chief Minister of Punjab Shri Parkash Singh Badal, Union Minister of Petroleum and Natural Gas Shri S Jaipal Reddy, Union Minister of State for Petroleum and Natural Gas Shri RPN Singh, Union Minister of State (Planning, Science &Technology and Earth Sciences) Shri Ashwini Kumar ji, Deputy Chief Minister of Punjab Shri Sukhbir Singh Badalji, Shri Chuni Lal Bhagatji, Local Bodies & Medical Education Minister, Government of Punjab, Shri G.C. Chaturvedi, Secretary Petroleum & Natural Gas, Shri L.N. Mittal, Chairman Arcelor Mittal, Shri S. Roy Choudhury, C&MD HPCL among other dignatories.

Speaking on the occasion the Prime Minister congratulated the Ministry of Petroleum and Natural Gas, HPCL, Shri Lakshmi Mittal and his company, HMEL and State Govt on the successful completion of this project. He said, “This refinery will fulfill a long cherished dream of the people of Punjab and will make a big contribution towards economic development of the State.” 

Underling the significance of the 9 Million tonne(MMT)refinery project, the the Prime Minister added that the refinery sector in the country has shown phenomenal growth and India has emerged as a refining hub. From 62 million metric tonnes per annum in 1998, the country’s refining capacity has grown about three and a half times to 213 MMTPA today. “ We have sufficient refining capacity to enable us to export petroleum products,” he stressed. 

He also stated that the challenges we face on the energy front are formidable and underlined the need for adequate supplies of energy at affordable prices. Pointing out that domestic sources of crude oil and gas are inadequate to meet the growing demands, and the imports accounting for about 80% of our crude supplies, the spiraling prices of crude in the international market have put a severe strain on our import bill. He emphasized that that in order to insulate the common man from the impact of rising oil prices, the Government shoulders a sizeable portion of the burden by pricing diesel, Kerosene and domestic LPG below their market prices. 

Calling for steps to conserve our scarce energy resources, Prime Minister cautioned that there is no room for inefficient and wasteful usage of fuel, be it petrol, diesel, kerosene or gas. “We also need to rationalize prices and at the same time ensure that the poor and needy are shielded from the effects of such a rationalization,” he said. 

Union Petroleum Minister Shri S Jaipal Reddy said that a healthy oil and gas sector fuels the economy of a nation. He expressed happiness on India’s emergence as a refining hub with our refining capacity having grown from a meager 0.25 MMTPA at the time of independence to 213 MMTPA today. The Minister described Guru Gobind Singh Refinery as the latest feather in the cap with the commissioning of this state of the art 9 MMTPA refinery of HPCL-Mittal Energy Ltd (HMEL) a joint venture of HPCL and Mittal Energy Investments Pte Ltd. 

He said that the refinery is designed to deliver high grade, environment-friendly petroleum products that would bridge the present gap between supply and demand in the Northern region of India. It is a complex refinery with high Nelson complexity index enabling extraction of highest value from relatively high sulphur, low quality and low priced crudes. 

The Minister further said that with economy growing at about 8% on average, India’s energy needs are increasing at a rapid rate. The challenge is more pronounced since we are highly dependent on imported oil, which accounts for 75% of our total requirement. The country’s oil import bill has already breached the $ 100 billion mark in 2010-11. Meeting the requirements of India's rapidly expanding economy is creating a tremendous surge in the demand for Hydrocarbons. The demand for POL products in India has increased from 129 MMT in 2007-08 to 147 MMT in 2011-12 at an annual growth rate of 4.2 %.

Being aware of the criticality of this sector, he reiterated that his Ministry is fully committed to ensure that the growing demand of the energy sector is fully met. The Minister also said that we have endeavored to come up with policies that provide a stimulus for development of this vital sector. “The two successful Joint Venture refineries commissioned at Bina and now at Bhatinda bear testimony to the rising interest shown in the refining sector of this country,” he added. 

Speaking on the occasion MOS(PNG) Shri R P N Singh lauded the successful completion of the world class refinery within time. He complemented HPCL and their partners along with Govt of Punjab on this historic achievement. The Minister also said that his government has initiated measures to insulate needy from rising global oil prices. Giving out details, he said PSU Oil Marketing Companies has been bearing heavy under-recoveries on sale of sensitive petroleum products o keep prices at affordable levels. Punjab CM also spoke on the occasion and complemented Union Government for its support to the project. He praised the promoters HMEL for setting up the world class refinery in the State. (PIB)   28-April-2012 15:32 IST

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