The Hinduja group plans to pick up a majority stake in the Kakinada refinery, being put up for sale by the public sector oil major ONGC and its subsidiary, Mangalore Refineries and Petrochemicals Ltd. Gulf Oil Ltd, part of the Hinduja group, will be the company that would possibly buy shares in the company.
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Thursday, November 01, 2007
Hinduja group interested in picking up majority stake Kakinada refinery
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