Page 37 - Plastics News October 2020

ONGC likely to merge HPCL, MRPL after June ALPLA acquires an Amcor facility in Pune
2021
LPLA Group, a global specialist for packaging
tate-owned Oil and Natural Gas Corp (ONGC) is Asolutions and recycling, has acquired an Amcor
Slikely to look at merging its two oil refining facility in Western India for the production of preforms
subsidiaries, Hindustan Petroleum Corp Ltd (HPCL) and for PET bottles. The plant in Alandi, West India, is in
Mangalore Refinery and Petrochemicals Ltd (MRPL), the immediate vicinity of the metropolis of Pune.
post-June 202. ONGC, India's biggest oil and gas ALPLA Group has taken over a plant for rigid plastics in
producer, in 2018 completed the acquisition of HPCL
for Rs 36,915 crore. After this takeover, it has two
refining subsidiaries -- HPCL and MRPL. At a news
conference post company's annual general meeting,

India from the global packaging specialist Amcor with
effect from September 28, 2020. The plant in Alandi,
West India, is in the immediate vicinity of the
metropolis of Pune. It manufactures preforms for the
production of PET bottles for the beverage industry.
Shanker said that HPCL sells more fuel than it actually
Customers include Coca-Cola and the Indian dairy
produces at its refineries. On the other hand, MRPL is a
company Amul. With this takeover, ALPLA is expanding
pure oil refining company. "There are a lot of synergies
its core business in the PET area in India. All 50
in the merger of MRPL with HPCL. For one, it will
employees will be taken over by ALPLA. Vagish Dixit,
balance the fuel marketed by HPCL with the refining
Managing Director ALPLA India said, 'The newly
capacity, eliminating the need to buy fuel from other
acquired facility near Pune will primarily help us to
companies," he said. He said that but before this
better serve the market in the Western Region of India
merger happens, ONGC is looking at merging ONGC
and further expand existing partnerships with
Mangalore Petrochemicals Ltd (OMPL) with MRPL.
customers such as Coca-Cola.' ALPLA Pune is the ninth
MRPL holds 51 per cent stake in OMPL, while ONGC has
location of ALPLA in India and the second in the west of
48.9 per cent. MRPL is to acquire ONGC's shareholding
the country. The contracting parties have agreed not
in the company. "We have received approval from the
to disclose any details of the contract. Recently the
Petroleum Ministry for the merger and we hope to
complete this by June 2021. Post that we will look at company had acquired a property in Toluca, capital
the merger of MRPL with HPCL," he said. ONGC holds a city of the State of México in the country's centre to
71.63 per cent stake in MRPL. It holds a 51.11 per cent build a recycling plant for HDPEin Mexico. It is planned
stake in HPCL. HPCL currently holds a 16.96 per cent to produce 15,000 tonnes of post-consumer recycled
stake in MRPL. "First stage is the merger of OMPL with material each year. ALPLA is realising its global
MRPL and the merger with HPCL will follow that," he objectives for the New Plastics Economy (an initiative
said. of the Ellen MacArthur Foundation).

October 2020 37 Plastics News