evidence: Going by HPCL's present market value, ONGC may have to shell out Rs 28,000 crore to the government. This will help the government meet 38% of its Rs 72,500-crore disinvestment target of 2017-18 without actually losing control over HPCL. [...] A ministerial panel, including finance minister Arun Jaitley, road transport minister Nitin Gadkari and oil minister Dharmendra Pradhan, will oversee the deal so that it is completed within this financial year. [...] The government had laid the roadmap for the deal in this year's Budget, with Jaitley saying in his speech: "We see opportunities to strengthen our CPSEs (Central public sector enterprises) through consolidation, mergers and acquisitions. By these methods, the CPSEs can be integrated across the value chain of an industry. It will give them capacity to bear higher risks, avail economies of scale, take higher investment decisions and create more value for the stakeholders. Possibilities of such restructuring are visible in the oil and gas sector."