ONGC-HPCL merger

1997 Followers

In February 2018, ONGC (Oil and Natural Gas Corporation) completed the takeover of HPCL (Hindustan Petroleum Corporation) by buying out the central government’s 51.1 percent stake in the company. The Oil and Natural Gas Corporation’s proposed acquisition was approved by The Core Group of Secretaries on Disinvestment (CGD) headed by the Cabinet secretary.