ONGC may acquire HPCL in ₹44,000 crore deal
State-owned Oil and Natural Gas Corporation (ONGC) may acquire India's third biggest fuel retailer Hindustan Petroleum Corporation (HPCL) in a ₹44,000 crore ($6.6 billion) deal. ONGC, which is India's biggest oil and gas producer, may acquire the government's entire 51.11% stake in HPCL. The deal is part of the government's plan to create an integrated oil giant.