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MRPL HPCL MERGER
Oil Ministry working on proposal to merge MRPL with HPCLThe idea of the MRPL-HPCL merger had been floated soon after ONGC acquired HPCL from the government five years ago but made little progress...- ONGC's plan to merge MRPL with HPCL may have to wait till FY24Sources said that the process of merging ONGC's two oil refining subsidiaries, Hindustan Petroleum Corp Ltd (HPCL) and Mangalore Refinery a...
- Fuel demand, work on sites to reach pre-Covid level by December: HPCL Chairman Mukesh Kumar Surana“Petrol demand is already at pre-Covid levels; diesel demand is expected to reach those levels by the end of the current quarter. Diesel de...
- HPCL-MRPL merger hits cash hurdle; ONGC rules out share-swapONGC acquired government's 51.11 per cent stake in HPCL in January 2018 at Rs 473.97 per share.
- Stock pick of the week: MRPL is trading at a discount, could be a good betWith around 30% of its crude oil coming from Iran, uncertainty on continued imports due to U.S. sanctions had also put this counter under p...
- HPCL may use mix of shares, cash & oil bonds to buy MRPLThe final nature of the deal and the payment plan will be worked out once the boards of HPCL and MRPL approve the proposal to merge.
- ONGC board gives nod to explore group restructuring optionsWhile ONGC did not provide details of the proposed restructuring, sources in the company said an advisor would be appointed to suggest poss...
- HPCL, MRPL merger will take a year, says ONGC ChairmanA committee comprising executives from ONGC, HPCL and MRPL is drawing up short to medium and long-term plans to leverage the synergy in the...
- HPCL, Mangalore Refinery merger in FY'19: CMD Mukesh Kumar SuranaOil and Natural Gas Corp (ONGC), India's biggest oil and gas producer, earlier this year completed the acquisition of HPCL for Rs 36,915 cr...
- Merger with MRPL should happen at earliest, says HPCLOil and Natural Gas Corp, India's biggest oil and gas producer, last month completed the acquisition of HPCL for Rs 36,915 crore.
- HPCL may acquire MRPL in cash, share-swap dealYesterday, ONGC Chairman and Managing Director Shashi Shanker said his company will also consider merging MRPL with HPCL at a later date.
- ONGC-HPCL merger will help us beat cyclical nature of biz, bring stability: Shashi ShankerWe will be making the payment in one shot only, says the CMD of ONGC.
- HPCL may buy MRPL in share-swap dealShare-swap, he said, is the most likely option for the merger. “An exercise to arrive at valuations etc will begin shortly,” he said.
- ONGC may look at selling stake in other PSUs to fund HPCL acquisition“There are many funding options available. We can look at market borrowings, we have some stocks we can sell,” Chairman and Managing Direct...
- Hindustan Petroleum Corporation plans Rs 61,000 crore investment in 5 yearsLike its peers Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC) and Reliance Industries, HPCL is upbeat on petrochemicals ...
- HPCL Eyes Rs 61,000 crore Capex in 5 Years, Merging MRPL with SelfThe state-run oil marketing company plans to invest Rs 7,110 crore this fiscal against Rs 5,860 crore in FY17, its chairman Mukesh Surana h...
- Arun Jaitley to head panel on HPCL stake sale to ONGCPost-merger all refining units of ONGC will be accumulated under HPCL, making it India's third largest oil refiner after Indian Oil Corp (I...
- Brand HPCL will remain intact as it is: Dharmendra Pradhan, Oil Minister"This kind of arrangement (the ONGC-HPCL merger) is going to be a first in India and I am hopeful that it will work," said Pradhan.
- HPCL may buy 2 ONGC units before mergerHPCL already has a 16.96% stake in MRPL, in which ONGC holds 71.63%. ONGC has a 49.36% stake in OPaL with GAIL holding 49.21%.
- Merger talks of ONGC, HPCL on at ministerial levelHPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC's portfolio, making it the third-largest refiner in the country a...
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