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Clearing the confusion over HPCL promoter classification issue, Oil Minister Dharmendra Pradhan said that Oil and Natural Gas Corporation (ONGC) is the promoter of the state-run refiner. Replying to a question posed by media Pradhan informed at a press conference “Today it is ONGC. Do not get into the technicalities of it.” Earlier this year, ONGC bought a 51.1 percent stake in HPCL for Rs 37,000 crore.
