Welspun CEO Vipul Mathur says oil & gas firms focusing on capex again - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Welspun CEO Vipul Mathur says oil & gas firms focusing on capex again

"Every exploration and production company in the world wanted to go green and move to renewables. But the harsh reality is that while renewables is definitely the way forward, they are not yet to replace fossil," said Vipul Mathur, who is also its managing director. Companies and countries did not invest in pipelines and development of oil and gas assets, which are coming back into play, he added.

from Industry-Economic Times
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