Mega Oil PSU: ONGC-HPCL Deal Not Done Yet, But Here’s Government’s Next Big Merger Move

Mega Oil PSU: ONGC-HPCL Deal Not Done Yet, But Here’s Government’s Next Big Merger Move

The government seems to be wasting no time in its quest to create huge energy PSUs of global scale, as, while a deal for ONGC’s proposed takeover of HPCL is yet to be finalised, the Centre has already embarked on its next ambitious project: combining the behemoth refiner and marketer Indian Oil Corp and smaller oil exploration firm Oil India Ltd, according to a TV news report.

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