Energy HPCL-MRPL merger hits cash hurdle; ONGC rules out share-swap Updated : April 29, 2019 07:28 AM IST Oil and Natural Gas Corp (ONGC), India's biggest oil and gas producer, last year completed the acquisition of Hindustan Petroleum Corp Ltd (HPCL) for Rs 36,915 crore. Since then, HPCL is keen to get MRPL in its fold citing operational synergies. Sources said HPCL has not yet come up with a concrete proposal for acquiring MRPL. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.