Business Standard

BIG PLAYERS

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| ONGC holds a 71.63% stake in Mangalore Refinery and Petrochemi­cals and HPCL has 16.97% ONGC acquired a 37.38% stake of Aditya Birla Group in Mangalore Refinery and Petrochemi­cals in Mar 2003 for ~60 crore At the time, HPCL owned 37% in Mangalore Refinery and Petrochemi­cals Following this, ONGC infused equity capital of ~600 crore, making Mangalore Refinery and Petrochemi­cals its subsidiary

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