Merger talks of ONGC HPCL on at ministerial level

Psu Connect Date: 16-03-17

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.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : Railway Ministry reforms recruitment process via digital technology inclusion

Note*: All the articles and given information on this page are information based and provided by other sources . For more read Terms & Conditions