Page 9 - Hardeep Singh Puri

No anxiety over proposed cap on Russian crude by West: Hardeep Singh Puri

"I have no anxiety on that. Market forces will deal with that. We will act according to the situation," Puri said on being asked about the proposed cap on Russian crude

Future strategy must be to prioritise energy-efficient infrastructure: Puri

Union Housing and Urban Affairs Minister Hardeep Singh Puri on Tuesday said the strategy for the future must be to prioritise sustainable and energy-efficient infrastructure to advance the pace of development. Speaking at the 63rd foundation day of the National Buildings Construction Corporation (NBCC), Puri said the company has made a name for itself as a trusted partner of the government to resolve difficult projects such as the stalled Amrapali project in Noida. Looking forward to Prime Minister Narendra Modi's vision of 'India@100' in this 'Amrit Kaal' of India's development, it is imperative that organisations such as NBCC adopt the latest construction standards to create sustainable and inclusive infrastructure, Puri said in a statement. Founded in 1960 as the government's civil engineering enterprise, NBCC with its headquarters in Delhi celebrated its foundation day, the ministry said, adding that HUA secretary Manoj Joshi and other senior officials were present at the ...

Hardeep Singh Puri NBCC to equip itself to maximise its opportunities

Puri has urged public sector construction company NBCC to equip itself to maximise its opportunities by building the appropriate capacities, and bidding and winning contracts on its own merit

Centre ready to bring petrol and diesel under GST: Hardeep Singh Puri

The Centre is ready for bringing petrol and diesel under the GST regime but it is unlikely that the states will agree to such a move, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Monday. For bringing the petrol and diesel under the GST, the states have to agree. If the states make the move, we are ready. We have been ready all along. That's my understanding. It is another issue how to implement it. That question should be addressed to the finance minister, Puri told reporters here. The minister, however, pointed out that it is unlikely that the states will agree to such a move as liquor and energy are revenue generating items for them. It is not difficult to understand, they (states) get revenue out of this. One who is getting revenue, why would he leave it? Liquor and energy are two things that generate revenue. It is only the Central government which is worried about inflation and other things, he added. The Union minister said the Kerala High Court had suggested

Free flats approved for 30 million underprivileged citizens: Hardeep Puri

He added that the government provided free ration to 7.4 million people in Delhi to deal with the food crisis during pandemic

India has fifth-largest metro network in the world: Hardeep Singh Puri

The Water Metro will also provide a cheaper and more sustainable alternative to daily commuters

Central Vista: New building work going on at fast pace, says Hardeep Puri

With less than a month to go for the November deadline, Union Housing and Urban Affairs Minister Hardeep Singh Puri on Friday said construction work of the new Parliament building is going on at a very fast pace. The government has been maintaining that the project would be completed by November and the winter session would be held in the new building. On August 4, Minister of State for Housing and Urban Affairs Kaushal Kishore had told Lok Sabha that the physical progress of the new Parliament building is 70 per cent and the month of November is the deadline to complete the project. Addressing a press conference here after inaugurating '15th Urban Mobility India (UMI) Conference & Expo', Puri said there are over 4,000 people working round-the- clock on the project. Responding to PTI's question on whether the project would meet the deadline, he said, "I go there (construction site) every week. The work is going on at very fast pace. We have something 4,000 people working ...

PSU oil companies losing a net Rs 4 per litre on diesel: Hardeep Singh Puri

PSU oil companies are losing a net Rs 4 per litre on diesel while their margins have turned positive on petrol, Oil Minister Hardeep Singh Puri said on Wednesday on talks of a price reduction in the offing as international rates have softened. Puri said his ministry will seek assistance for the three fuel retailers - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) for the losses they incurred on holding petrol and diesel prices since the Ukraine war to help the government fight inflation. "OMCs (oil marketing companies) still have under-recoveries on diesel," he told reporters when asked if there is a price reduction in the offing. The three firms held prices despite international oil prices shooting up to more than a decade high. The under-recovery - difference between the retail selling price and the international rate - currently is about Rs 27 per litre on diesel but the actual cash loss (the loss based on the

Emergency bid: GAIL inks agreement with ADNOC to secure LNG supply

Officials said the agreement represents a reworking of India's gas sourcing strategy as the country aims to aggressively source LNG from a wider list of nations

Environmental concerns, renewable energy key components of Modi govt: Puri

The need for addressing environmental concerns has been an integral part of Modi government's policy, Minister of Petroleum and Natural Gas Hardeep Singh Puri has said. He was speaking at a summit 'The Leaders for Inclusive and Progressive Change' organised by ILead Global Foundation to celebrate Azadi Ka Amrit Mahotsav on Friday. Delegates from 11 countries, renowned think tanks, academic organisations and universities participated in the summit. "The need to address environmental concerns has been an integral part of govt policy. From announcing an International SolarAlliance in 2015 to the #PanchAmrit strategy in 2021, PM Modi Ji laid out a roadmap for India's energy transition from the day he assumed office," Puri later said on Twitter. Minister of State for Defence and Tourism Ajay Bhatt spoke on India, the Cultural Centre of the World. He also threw light on India's cultural and historical lineage and emphasized how the country propagates the concept of the whole world as a

Number of petrol pumps selling biofuels jumped threefold in 5 years: Puri

Union Petroleum Minister Hardeep S Puri on Wednesday said that the number of petrol pumps selling biofuels has increased threefold from 29,897 in 2016-17 to 67,641 in 2021-22. India's ethanol demand is poised to grow to 10.16 billion litres by 2025, he noted.The minister, who also has Housing and Urban Affairs portfolio, said India is ready from the supply side to launch E20."This target was advanced by five years from 2030 under the ethanol production goal of 1,000 crore litres to April 2023."He said that there is a need to massively upscale the production of flex-fuel engine vehicles in the country, according to an official statement.In the case of E20, 20 denotes the percentage of ethanol mixed with petrol. Essentially, the number signifies the percentage of ethanol in petrol.The minister was speaking at the plenary session on 'A giant leap for biofuels - Ethanol blending & SATAT Scheme' at Siam's International Conference on Biofuels - A Pathway Towards Sustainable Future in .

India to examine price cap proposal for Russian crude: Hardeep Singh Puri

India will examine the price cap on Russian oil proposed by the West, oil minister Hardeep Singh Puri said on Wednesday.

Punjab CM, Union minister inaugurate largest Bio energy project in Sangrur

Punjab chief minister Bhagwant Mann along with Union petroleum minister Hardeep Singh Puri on Tuesday inaugurated the country's largest bio energy plant constructed at a cost of Rs 230 crore here. Addressing the gathering, the chief minister said this step will go a long way in wiping out the menace of paddy straw burning from the state. Germany-based Verbio Group's Indian subsidiary has set up the plant. This is the largest biofuel (biomethane/bio-CNG) production unit in India with 33 TPD (tonnes per day) capacity of compressed biogas, said Mann. The annual straw consumption in this unit will be 1.30 lakh tonnes, he said, adding that it will help in solving the problem of paddy straw burning. Set up over 20 acres of land, this unit will contribute to an annual reduction of 1.50 lakh metric tonnes of pollutants and 20,000 MT of fly ash currently produced due to paddy straw burning, said an official release quoting Mann. This unit will also give employment to 1,000 youth, he said,

India to produce 25% of its oil demand by 2030, says Hardeep Puri

Indian petroleum industry is at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030, Union Petroleum and Urban Affairs Minister Hardeep Singh Puri said.

Govt navigated global energy challenges well, says Hardeep Puri

Petroleum Minister Hardeep Puri on Friday said the government has navigated the global energy challenges very well, insulating the developing economy from the rising global crude and gas prices

India will do all that is required to ensure energy security: Hardeep Puri

Reacting to the decision of Organization of Petroleum Exporting Countries (OPEC) to cut oil production by 2 million barrels per day, Union Minister Hardeep Singh Puri on Friday said India will do all that is required to ensure its energy security and affordability. He said if required, India will go for diversification of energy sources. "This is their (OPEC's) sovereign right what they want to do but equally it is my job to point out that all actions have consequences, intended or unintended. India will be able to navigate through the situation with confidence," the petroleum and natural gas minister said at GEO India 2022 conference here. "We will not allow any shortages to come in. The government will do all that is required to ensure energy security and affordability," he said. Puri said as per the estimate of the sector, consumption of fuel will increase and 25 per cent of the global demand in next 20 years will be from India. Therefore, he said, the prime minister took the .

Govt okays Rs 22,000 crore one-time grant for OMCs to battle losses

This will help them tide over continuing losses in providing domestic liquified petroleum gas

India to cater to 25% of global energy demand in next 20 yrs: Hardeep Puri

Petroleum Minister Hardeep Puri has said that 25 per cent of the global energy demand growth in the next two decades is going to emanate out of India.

Hardeep Puri flags Offshore Bid Round; promises transparency to investors

Union minister Hardeep Singh Puri on Monday launched the Offshore Bid Round offering and assured transparency, efficiency and ease of doing business to investors. In a keynote address to industry leaders in Houston, the Union Petroleum and Natural Gas Minister described the initiatives taken by his Ministry in accelerating the exploration and production activities in India. Puri also gave his views on the importance of Coal Bed Methane in increasing India's domestic production and reducing the country's import burden. He launched the Special CBM (popularly known as Coal Seam Gas) Bid Round - 2022 for International Competitive Bidding on Monday at Houston. Simultaneously, Puri launched the Offshore Bid Round offering 26 blocks -- 18 carved out by DGH and eight as a result of expression of interests (EoI) from potential investors -- covering an area of approximately 2.3 lakh Sq. Km. Out of 26 blocks, three blocks based on EoIs are onshore covering an area of only 3,666 sq km, a medi

Will weigh what Russia offers on Sakhalin-1 ownership revamp: Hardeep Puri

India maintains a "healthy dialogue" with Russia and will look at what is offered following announced ownership revamp to the Sakhalin-1 oil and gas project, Hardeep Singh Puri said