How is HPCL different from ONGC?

ONGC holds a 71.63 per cent stake in MRPL. It holds a 51.11 per cent stake in HPCL. HPCL has 23.8 million tonnes of annual oil refining capacity. Together with 15 million tonnes refinery of MRPL, it will become India’s second-biggest state-owned oil refiner after Indian Oil Corp (IOC).

Which one is better ONGC or Iocl?

NEW DELHI: Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company. It has now been unseated as the most profitable PSU by IOC. In the previous 2015-16 fiscal, IOC had a net profit of Rs 11,242.23 crore as compared to ONGC’s Rs 16,140 crore.

Is ONGC a good PSU?

ONGC is India’s “Most Valuable” PSU The Maharatna organization has emerged as the Most Valuable PSU in the Maharatna category according to the India Today Group- MDRA Survey of India’s Best PSUs ranking above other Maharatnas – NTPC, IOCL, CIL and BHEL.

What is the salary of HPCL?

The HPCL Engineer Salary is given in the range of INR 50,000 to 1,60,000. What is the annual Salary Package of the HPCL Engineer? The HPCL Engineer has a Salary Package of INR 15.17 lakhs per annum.

Is HPCL merged with ONGC?

Sources said that the process of merging ONGC’s two oil refining subsidiaries, Hindustan Petroleum Corp Ltd. (HPCL) and Mangalore Refinery and Petrochemicals Ltd. (MRPL), will be started only after the company completes merging ONGC Mangalore Petrochemical Ltd. (OMPL) with MRPL.

Who is the owner of IndianOil?

Government of India
Ministry of Petroleum and Natural Gas
Indian Oil Corporation/Parent organizations

Is ONGC good for long term?

ONGC’s share price has underperformed the benchmark over the past four years due to a decline in domestic oil & gas production. Due to lower production growth on a sustainable basis, despite cheaper valuations, the brokerage does not recommend that long term investors add the stock as it is a play on commodity prices.

What is the highest salary in HPCL?

What is the highest salary offered at Hpcl? Highest reported salary offered at Hpcl is ₹50lakhs. The top 10\% of employees earn more than ₹35lakhs per year. The top 1\% earn more than a whopping ₹47lakhs per year.

Who is the owner of HPCL?

Oil and Natural Gas Corporation
Hindustan Petroleum/Parent organizations

Hindustan Petroleum Corporation Limited (HPCL) is a subsidiary of Oil and Natural Gas Corporation which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India with its headquarters in Mumbai, Maharashtra.

Can HPCL benefit from ONGC’s massive oil and gas reserves?

HPCL, which is one of the three state-owned oil marketing companies with a refining capacity of 14.8 million metric tonnes per annum could also benefit from ONGC’s massive oil and gas reserves.

What is the ONGC-HPCL Cold War all about?

Since then, the two managements – of ONGC and HPCL – have been indulging in a cold war with the latter not refusing to acknowledge the former as the new promoter. If such things had happened in the private sector, the boss of the acquired company would probably have resigned or sacked. But ONGC has done no such thing.

Should HPCL merge with MRPL?

HPCL cannot merge with MRPL without ONGC agreeing to the terms of the merger, including the question of whether this merger should happen at zero cost (a full share swap), or through cash payments by HPCL to its own parent ONGC. Or a combination of the two. Clearly, a share swap is the best idea, for it minimises merger costs.

Is ONGC getting credit from the market for its expansion plans?

But for such kind of expansion plans, ONGC will get credit from the market. The upstream giant will also have to make a mandatory open offer to existing public shareholders, as acquisition of the 51.11 percent government stake will trigger Securities and Exchange Board of India (SEBI) acquisition guidelines.

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