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
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
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
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 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
Government's 51.92 crore shares could be sold to ONGC using either the bulk or block deal.
25 Sep 2017 1:57 PM
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 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
The merchant banker will assist the government on "modalities of disinvestment and the timing.
03 Sep 2017 11:57 AM
HPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC's portfolio.
22 Aug 2017 10:19 AM
ONGC will have to borrow about Rs 25,000 crore to fund just the purchase of government stake.
09 Aug 2017 12:39 PM
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
There are as many as 18.11 crore customers of subsidised LPG in the country.
31 Jul 2017 4:15 PM
Government is keen to complete the transaction within the current fiscal.
30 Jul 2017 12:49 PM
This will give ONGC an enhanced capacity to bear higher risks, take higher investment decisions.
24 Jul 2017 3:13 PM
This will give ONGC an enhanced capacity to bear higher risks, take higher investment.
24 Jul 2017 12:48 PM
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
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
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
HPCL will become a subsidiary of ONGC and will remain a listed company post the acquisition.
19 Jul 2017 7:54 PM