ONGC gets government nod for acquiring HPCL

Posted on:05 Nov 2017 09:00:01
ONGC gets government nod for acquiring HPCL
05 November 2017 Current Affairs: ONGC has received the Information Memorandum from the Department of Investment and Public Asset Management for acquiring majority stake in fellow public sector undertaking HPCL.

ONGC’s acquisition of 51.11 per cent stake in HPCL is in line with the government’s plan to create an integrated energy major with businesses spread across the hydrocarbon value chain.

The government has set the deadline to complete the ONGC-HPCL deal in the current financial year.
ONGC has received the Information Memorandum from the Department of Investment and Public Asset Management for acquiring majority stake in fellow public sector undertaking HPCL.

ONGC’s acquisition of 51.11 per cent stake in HPCL is in line with the government’s plan to create an integrated energy major with businesses spread across the hydrocarbon value chain.

The government has set the deadline to complete the ONGC-HPCL deal in the current financial year.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs Weekly PDF

Current Affairs Monthly PDF

Current Affairs Quiz

Current Affairs Monthly PDF Hindi

Currentt Affairs 2018 December

14 DECEMBER
NEWS
13 DECEMBER
NEWS
12 DECEMBER
NEWS
11 DECEMBER
NEWS

Currentt Affairs 2018 November

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS

Currentt Affairs 2018 October

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS