Oil & Natural Gas Corporation Ltd.

ONGC, the nation’s largest energy driller hopes to complete the acquisition of Hindustan Petroleum Corporation (HPCL) by March. When completed, ONGC will become the first fully integrated state-run oil and gas company with significant upstream and downstream operations with many refineries and over 14,400 retail outlets.

Earlier in July, the cabinet had approved the sale of its 51.11% in the third largest oil retailer and refiner to ONGC as part of its effort to create an integrated energy behemoth and also to meet the hefty Rs 72,500-crore selloff target it had budgeted for this fiscal.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.