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The largest hydrocarbon producer in India has lined up capital expenditure of Rs 32,921 crore during the financial year 2019-20, compared to Rs 29,449 crore during the previous fiscal
Sources said HPCL has not yet come up with a concrete proposal for acquiring MRPL
HPCL is keen to takeover Mangalore Refinery and Petrochemicals Ltd (MRPL) before the end of 2018-19, as there are a lot of synergies.
ONGC plans to maintain HPCL as an independent listed company under whom all its downstream units can be consolidated