The government owns majority stakes in eight listed oil and gas firms. Combining some or all would create a bigger corporation with clout to negotiate better deals on crude oil purchases. View more at #Hindustan360.
Big plans are afoot for India’s sprawling hydrocarbons industry. Finance minister Arun Jaitley says the government aims to create an “integrated public sector oil major” to match the might of the international oil and gas giants. The big question is how that plan will unfold. Details are beginning to emerge.