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HPCL likely to acquire MRPL in share-swap deal

01 Nov 2017 Evaluate

Hindustan Petroleum Corporation (HPCL) is likely to acquire Mangalore Refinery and Petrochemicals (MRPL) in a share-swap deal to become India’s second-largest oil refiner. The merger is likely to take place after ONGC, the country’s biggest oil and gas explorer, completes acquisition of HPCL in an all-cash deal by December or January.

MRPL is a subsidiary of Oil and Natural Gas Corporation (ONGC). At present, ONGC owns 71.63% stake in MRPL while HPCL has 16.96%.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.


HPCL Share Price

387.00 -9.25 (-2.33%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1435.70
Indian Oil Corp. 144.70
BPCL 302.85
HPCL 387.00
MRPL 167.90
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