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 petroleum Petroleum ( HPCL ) to merge with petroleum Refinery and Petrochemicals ( MRPC ) after it completes its merger with state - owned petroleum Oil and Natural Gas Corporation , namely MK Surana , founder and managing director of HPCL . MRPL is 71 % owned by ONGC . Both refine crude oil and natural gas .