HPCL keen to increase stake MRPL

16-Dec-08
Hindustan Petroleum Corporation (HPCL) is eager to up its stake from the present 16.97% in Mangalore Refinery and Petrochemicals (MRPL), depending on whether ONGC decides to divest a part of its stake in favour of HPCL. Oil and Natural Gas Corporation (ONGC), which holds 72.15% equity, controls the 9.6-mln ton standalone refinery.
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