Mangalore Refinery-and-petrochemicals

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Mangalore Refinery-and-petrochemicals - Total results - 3
ONGC not to sell stake in IOC, GAIL in near future; repays close to third of Rs 24,881 cr loan to buy HPCL
Business

ONGC not to sell stake in IOC, GAIL in near future; repays close to third of Rs 24,881 cr loan to buy HPCL

ONGC had in January received government approval to sell its 13.77 percent stake in Indian Oil and 4.86 percent stake in GAIL to help fund the Rs 36,915 crore acquisition of HPCL.

Hindustan Petroleum to acquire Mangalore Refinery and Petrochemicals in share-swap deal
Business

Hindustan Petroleum to acquire Mangalore Refinery and Petrochemicals in share-swap deal

At present, ONGC owns 71.63 percent stake in MRPL while HPCL has 16.96 percent

ONGC gets Cabinet nod to buy 51% in refiner HPCL, to create integrated oil giant
Business

ONGC gets Cabinet nod to buy 51% in refiner HPCL, to create integrated oil giant

India, the world's third-biggest oil consumer, imports about 80 percent of its crude needs and Prime Minister Narendra Modi has set a target to cut dependence on oil imports by 10 percent by 2020.