ONGC Keen To Buy Government Stake In HPCL: Dharmendra Pradhan

"In my view, HPCL's independent identity and brand will be protected in the process," HPCL Chairman Mukesh Kumar Surana said, indicating the refiner could become a subsidiary of ONGC.

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ONGC Keen To Buy Government Stake In HPCL: Dharmendra Pradhan

Dharmendra Pradhan said that the country's top explorer "ONGC has shown interest".


New Delhi: India's top explorer Oil and Natural Gas Corp (ONGC) is keen to acquire the government's stake in oil refiner Hindustan Petroleum Corp (HPCL), the country's oil minister said on Wednesday.

"ONGC has shown interest," Dharmendra Pradhan told reporters in New Delhi.

"In my view, HPCL's independent identity and brand will be protected in the process," HPCL Chairman Mukesh Kumar Surana said, indicating the refiner could become a subsidiary of ONGC.
© Thomson Reuters 2017


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