2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ONGC
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BHEL
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MRPL
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NHAI
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Detailed explanation-1: -HPCL is an amalgamation of the erstwhile foreign oil companies ESSO and Caltex, which were taken over by the Government of India in 1974 and 1976 respectively. HPCL is a Central Public Sector Undertaking, with a subscribed capital of Rs.
Detailed explanation-2: -(HMEL) HPCL-Mittal Energy Ltd. (HMEL) is a Joint Venture between HPCL and Mittal Energy Investments Pte. Ltd., Singapore with equity holding of 48.99% each.
Detailed explanation-3: -Hindustan Petroleum Corporation Limited (HPCL) is a schedule ‘A’ Maharatna Central Public Sector Enterprise (CPSE) under the Administrative control of Ministry of Petroleum and Natural Gas.
Detailed explanation-4: -The government of India holds 51.11% stake in HPCL and that stake will be hived off to ONGC. As is known, ONGC is India’s largest extraction company while HPCL, BPCL and IOCL are the key downstream companies in India.