ONGC keen to buy govt stake in refiner HPCL - minister | Reuters

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. (Reporting by Nidhi Verma and Neha Dasgupta; Editing by Mark Potter)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Jun 14, 2017 22:15 PM

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