Oil India- has its time come?

Ok…So i am trying my hands on a giving an opinion, Its a general opinion and may not help in identifying pick among PSU Vs PVT names ! i am not an expert and certainly new to equity investment.

My views depend on experiences with.
1.The solar installations as an owner at the establishment where i work.
2.Hydrogen story and ESG projects.

Back then in 2019 the solar space(let say renewables or Electric Auto) started to boil,come 2023 i saw solar EPC contractors order book growing10X and loads of startup trying their hands on electric Auto .Together they made scooters a reality and lot of EV sceptics accepted and drove scooters. Hydrogen story in 2023 is seeing governments(mostly germany & India, some others at an extent) push to usher into new energy+chemical era.

The point is true to the extent that The gases-oil derivatives-petrochemicals-polymers are building blocks to modern daily use items starting from chemicals to plastics to pharma for households and gases to oil derivatives to petro chemicals for industries.(i mean any industrial product we can touch or think. 90% of household or industrial inputs would come out having an oil byproduct)
But i think the world is working towards making oil chemicals without oil(some i knew methanol,ammonia,peroxide,olefins) from hydrogen.so basically if that renewable chemical things happen…I think the world will go on without oil. (Shell,bp,Total,adnoc,aramco,KOC,NIOC,QOC …etc. would not want anyone to think the same though)

Now, to the point.As Electricity is one of the major cost component for any manufacturing/processing industry hence as the solar electricity costs drops(today its 5.35 Rs./Kwh) they all will benefit. PSU have been actively installing solar/wind in past and now they are investing in hydrogen. PSU as per me have strength at Gas distribution/ Piped oil transportation over pvt players.Some PSU have gave 2X in just 2 year(for ex. OIL India)

I’d request @1957 for his view, if any, why PSU can still rise quicker then Tata,Adani,RIIL or L&T ?