The initial positive for merger ONGC and HPCL has already taken place. HPCL is into refining and ONGC is an upstream company having its own refinery. The refinery of ONGC-MRPL is going to get merged with the other refineries of HPCL so that way both the companies will be in a win-win situation. The main intent behind the merger is to increase the financial muscle of the Indian oil companies
Published on May 2 2018 4:47PM, by InvestmentBullsMumbai in Alert| Share This