HPCL to retain brand identity, autonomy under ONGC post acquisition


HPCL to retain brand identity, autonomy under ONGC post acquisition

Flagship explorer ONGC will retain Hindustan Petroleum as an independent group arm and continue with the company’s brand after acquiring the government’s stake in the country’s third-largest state-run refiner-retailer. “HPCL is a good, professionally-run company and will continue to remain so. We also do not have any plan to tinker with its employee package, etc,” ONGC chairman Shashi Shanker said on Sunday, a day after the government accepted its Rs 36,915-crore cash offer to buy the Centre’s 51.11% holding in HPCL.

Read More…

Leave a Reply

Your email address will not be published.