Brief: Fitch says India oil merger may boost efficiency; faces challenges

Hindustan Oil Exploration

07/02/2017 03:00

Feb 6 (Reuters) - Fitch: 
    * Fitch: India oil merger may boost efficiency; faces 
challenges 
    * Fitch - Proposed merger of India's state-controlled oil 
companies could reduce inefficiencies across sector 
    * Fitch - Proposed merger of India's state-controlled oil 
companieswould face significant execution challenges 
    * Fitch on India oil deal-Expects merger to give new entity 
much stronger bargaining power with suppliers, greater financial 
clout to secure oil resources 
 
    Source text for Eikon:  ID:nFIT988792  
    Further company coverage:  GAIL.NS  
 
 ((Bangalore.newsroom@thomsonreuters.com;))