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ONGC keen to buy govt stake in refiner HPCL: Dharmendra Pradhan

Indicates the refiner could become a subsidiary of ONGC

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.

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First Published: Wed, June 14 2017. 22:30 IST
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