The only answer is in this solution to merge the oil psus & OMCs to create a giant, which can compete with the oil majors of the world & will have a pricing strength. Also it can bid for huge international companies or oil blocks. Time has come to merge these entities,with assurance to employees that their jobs will be secure.There's no other better time, when this, when Crude is near $140.Thx.
RE:Merge IOC,BPCL,HPCL,GAIL,ONGC & OIL
by ASHOK on Jul 17, 2008 02:14 PM Permalink
Merging and trying to get innovation never works. This is Commie thought, which failed. examples>> 1)Russian oil company was single largest company 9GUZPROM) but it fell flat as it could never innovate. 2) AEROFLOT was at one time having maximum flights taking off and landing. But its is now nowhere as compared to much more efficient airlines like SINGAPORE airline. 3)IBM grew like a giant and thought No one can break its monopoly in Computers, it was seriuosly challenged by much smaller APPLE computers and now IBM is no match to APPLE / Compaq / Dell /Lenovo in Laptop bussines and rather bowed out ant tried to reinvent itself, just to survive.
