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HPCL Page-3

ONGC seeks access to data room to fix HPCL acquisition price

HPCL already has a data room and will give access to the same to ONGC if the seller (government) so desires.

12 Dec 2017 2:43 PM

After Rs 76.5 per cylinder hike, oil cos skip LPG price revision

Non-subsidised or market priced LPG rates were raised by Rs 5 per cylinder to Rs 747 a bottle on December 1.

11 Dec 2017 9:58 AM

ONGC receives information memo from govt on HPCL stake sale

Cabinet had on July 19 approved sale of government's entire 51.11 per cent stake in HPCL to ONGC.

02 Nov 2017 2:53 PM

HPCL to acquire MRPL in share-swap deal

At present, ONGC owns 71.63 per cent stake in MRPL while HPCL has 16.96 per cent.

31 Oct 2017 1:46 PM

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at market price is worth about Rs 26,600 crore.

28 Sep 2017 3:30 PM

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ONGC to acquire HPCL in bulk or block deal in Nov-Dec

Government's 51.92 crore shares could be sold to ONGC using either the bulk or block deal.

25 Sep 2017 1:57 PM

HPCL prepares Rs 7,110 cr biz growth investment plans in FY18

While capex stood at Rs 5,860 crore last fiscal, it;s expected to be Rs 7,110 crore this financial year.

16 Sep 2017 10:27 AM

ONGC to raise Rs 25,000 crore to fund acquisition of HPCL

ONGC has about Rs 13,000 crore in cash and would need to borrow the rest to fund the buying of 51.11 per cent stake in HPCL.

04 Sep 2017 4:32 PM

JM Financial to advise govt on HPCL stake sale to ONGC

The merchant banker will assist the government on "modalities of disinvestment and the timing.

03 Sep 2017 11:57 AM

ONGC board approves HPCL takeover

HPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC's portfolio.

22 Aug 2017 10:19 AM

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Govt tweaks HPCL sale terms to avoid 'open offer'

ONGC will have to borrow about Rs 25,000 crore to fund just the purchase of government stake.

09 Aug 2017 12:39 PM

HPCL Q1 net profit dips by 56 per cent

The company earned USD 5.86 on turning every barrel of crude oil into fuel during April-June, 2017-18.

04 Aug 2017 5:49 PM

Govt orders LPG prices to be hiked by Rs 4 per month

There are as many as 18.11 crore customers of subsidised LPG in the country.

31 Jul 2017 4:15 PM

HPCL stake sale: Govt seeks bids for bankers, legal firms

Government is keen to complete the transaction within the current fiscal.

30 Jul 2017 12:49 PM

Jaitley to head panel on HPCL stake sale to ONGC

This will give ONGC an enhanced capacity to bear higher risks, take higher investment decisions.

24 Jul 2017 3:13 PM

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CCEA approves govt stake sale of HPCL to ONGC: Pradhan

This will give ONGC an enhanced capacity to bear higher risks, take higher investment.

24 Jul 2017 12:48 PM

ONGC to not make open offer to smaller shareholders post HPCL merger

ONGC will not need to make open offer as government's holding is being transferred to another state-run firm.

23 Jul 2017 1:41 PM

ONGC up 2 pc on Cabinet nod to govt's stake sale in HPCL

Cabinet approved sale of the government's stake in oil refiner HPCL to India's largest oil producer ONGC.

20 Jul 2017 6:47 PM

Sensex surges to hit 32,000 mark, ONGC top gainer

Other Asian markets ruled high following fresh record closing in US market on strong earnings and higher oil prices.

20 Jul 2017 10:26 AM

Cabinet allows ONGC to buy out govt stake in refiner HPCL

HPCL will become a subsidiary of ONGC and will remain a listed company post the acquisition.

19 Jul 2017 7:54 PM

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