TNPSC Thervupettagam

CCEA approves government stake sale of HPCL to ONGC

July 25 , 2017 2438 days 1345 0
• The Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the sale of the government's 51.11 per cent stake along with the management control of HPCL to the ONGC. • Hindustan Petroleum Corporation Ltd (HPCL) will continue as a public sector undertaking after Oil and Natural Gas Corporation Ltd (ONGC) acquires its stake.

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