Ongc May Buy Birlas Mrpl Stake

Oil and Natural Gas Corpora- tion (ONGC) is planning to enter the downstream sector by acquiring the 37.5 per cent equity held by the Aditya V Birla group in Mangalore Refinery and Petrochemicals Ltd (MRPL).

ONGC, which was recently accorded the rights to market petrol and diesel, is keen to acquire MRPL to ensure a secure source of supply for the two automobile fuels. The government