Is HPCL owned by ONGC?

Written by Editorial Team | Last Updated: August 2026

Oil and Natural Gas Corporation holds a majority controlling equity stake of approximately 54.90 percent in Hindustan Petroleum Corporation Limited, making HPCL a subsidiary of the state-owned energy giant. This strategic acquisition was executed to build an integrated domestic energy major capable of achieving greater operational scale, enhanced risk management, and streamlined coordination across India's petroleum sector.

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