Sep 18 2017, 8:30 AMSep 18 2017, 11:42 AMSeptember 18 2017, 8:30 AMSeptember 18 2017, 11:42 AM
It makes sense for government-owned refiner Hindustan Petroleum (HPCL) to merge with MK Surana and Petrochemicals (MRPC) after it completes its merger with state-run explorer Oil and Natural Gas Corporation, said Mangalore Refinery, chairman and managing director of HPCL. MRPL is 71% owned by ONGC. Both refine crude oil and natural gas.