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ONGC keen to buy HPCL, acquisition may cost about Rs42,250 crore

Mon, Jun 12 2017, 12:11 PM

State-owned Oil and Natural Gas Corp (ONGC) is keen to acquire India’s third-biggest fuel retailer Hindustan Petroleum Corp Ltd (HPCL) in a Rs42,254 crore deal after finding Bharat Petroleum Corp Ltd (BPCL) too expensive to buy.