Official says Mittal violating ONGC pact
26.03.2007
Steel tycoon Lakshmi N Mittal's acquisition of a 49 percent stake in Hindustan Petroleum's three billion-dollar Bhatinda refinery has violated his pact with Oil and Natural Gas Corp to pursue hydrocarbon opportunities exclusively with the flagship Indian firm, an ONGC official has said.
Though Mittal had inked a joint venture...