ONGC acquires HPCL for Rs. 36,915 crore ONGC acquires HPCL for Rs. 36,915 crore Nikita Singh / 22-Jan-2018, 12:28 PM / Article rating: 5.0 The most-awaited merger of oil and gas majors ONGC and HPCL materialized, providing the government with a much-needed reason to rejoice. With the completion of the deal, ONGC acquired 51.11 per cent in HPCL for a consideration of Rs. 473.97 per share.