History
Incorporated in 1979 as a petrochemical company, GSPC has today a wide gamut of hydrocarbon activities. In 1992, GSPC widened the scope of its activities and rechristened itself as Gujarat State Petroleum Corporation in 1994. With the Government of India’s decision to privatize the hydrocarbon sector, GSPC acquired several discovered fields in the first and second rounds of bidding process initiated by the Government of India during 1994 and 1995.
Read more about this topic: Gujarat State Petroleum Corporation
Famous quotes containing the word history:
“The true theater of history is therefore the temperate zone.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“To care for the quarrels of the past, to identify oneself passionately with a cause that became, politically speaking, a losing cause with the birth of the modern world, is to experience a kind of straining against reality, a rebellious nonconformity that, again, is rare in America, where children are instructed in the virtues of the system they live under, as though history had achieved a happy ending in American civics.”
—Mary McCarthy (1912–1989)
“This above all makes history useful and desirable: it unfolds before our eyes a glorious record of exemplary actions.”
—Titus Livius (Livy)