Economic Times | IOC-Oil India merger on the cards Economic Times However, with Oil India's m-cap being 10% of IOC's, the word on the street is that the IOC-Oil India merger will be far easier to transact than the much bigger and far more complex merger between ONGC and HPCL. Last fiscal, IOC had overtaken ONGC as ... Mega oil PSU: ONGC-HPCL deal not done yet, but here's government's next big merger move |