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Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

HPCL to acquire MRPL in share-swap deal

At present, ONGC owns 71.63 per cent stake in MRPL while HPCL has 16.96 per cent.

31 Oct 2017 8:16 AM

ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC receives information memo from govt on HPCL stake sale

Cabinet had on July 19 approved sale of government's entire 51.11 per cent stake in HPCL to ONGC.

2 Nov 2017 9:23 AM

ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at market price is worth about Rs 26,600 crore.

28 Sept 2017 10:00 AM

Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

ONGC to acquire HPCL in bulk or block deal in Nov-Dec

Government's 51.92 crore shares could be sold to ONGC using either the bulk or block deal.

25 Sept 2017 8:27 AM

Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

HPCL prepares Rs 7,110 cr biz growth investment plans in FY18

While capex stood at Rs 5,860 crore last fiscal, it;s expected to be Rs 7,110 crore this financial year.

16 Sept 2017 4:57 AM

ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC to raise Rs 25,000 crore to fund acquisition of HPCL

ONGC has about Rs 13,000 crore in cash and would need to borrow the rest to fund the buying of 51.11 per cent stake in...

4 Sept 2017 11:02 AM

Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

JM Financial to advise govt on HPCL stake sale to ONGC

The merchant banker will assist the government on "modalities of disinvestment and the timing.

3 Sept 2017 6:27 AM

ONGC may buy all of the governments 51.11 per cent stake in HPCL

HPCL continues to not recognise ONGC as its promoter

ONGC earlier this year bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore.

31 Oct 2018 12:37 PM

The Centre aims at creating two or three large entities with integrated operations across oil exploration, refining and marketing. (Photo: DC)

Govt plans to end anti-competitive, complex cross-holding in oil PSUs

Government divests its stake by taking the entire proceeds from sale of shares cross held by oil PSUs.

15 Oct 2018 3:16 AM

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil cos to absorb subsidy one-time'

He said that the government expects the global crude oil prices to remain range bound and below $85 per barrel.

11 Oct 2018 7:12 PM

Moodys is a global rating agency

Moody's affirms ONGC's stable ratings following HPCL buy

Moody's Investors Service, affirmed ONGC 'Baa1' local and foreign currency issuer ratings.

31 Jan 2018 5:41 AM

ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC gets govt nod to sell stake in IOC, GAIL to fund HPCL buy

ONGC is funding the Rs 36,915 cr acquisition of govt's 51.11 pc stake in oil refining and marketing firm HPCL.

23 Jan 2018 8:53 AM