Merger talks of ONGC HPCL on at ministerial level

Guwahati: State-owned oil major ONGC has said the preliminary discussion for its acquisition of India's third-biggest fuel retailer HPCL has started and is going on at the ministerial level. 

"The talks are going on at ministerial level. We have not discussed it at the ONGC board. The petroleum ministry wants this to happen because if integration takes place, there will be value creation," ONGC Director (onshore) Ved Prakash Mahawar told PTI here.