Chennai Petroleum Arm To Benefit If Merged With Parent: Indian Oil

New Delhi: Indian Oil chairman B Ashok said on Thursday that the company would like to merge its subsidiary Chennai Petroleum Corp with itself as part of a government plan to integrate state oil firms to create a national oil behemoth. "Chennai Petroleum will benefit by integrating with IOC. Certainly given an opportunity we will like to merge," Mr Ashok told Reuters. He said IOC had previously merged its fuel retail subsidiary IBP...