State-owned Oil and Natural Gas Corp (ONGC) is reportedly planning to buy Hindustan Petroleum Corp Ltd (HPCL) for a price of Rs 42,254 crore. Notably, HPCL is India's third-largest fuel retailer. The ONGC - HPCL deal is said to be a follow-up to Union Finance Minister Arun Jaitley’s budget announcement of creating an integrated oil company
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