It's been 2 months now since they said they will release OL, should I give up any hope of OL? Are they just fooling around?

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They hire in bulk and then make people wait forever. They released my offer after 50 days . Everytime I used to call hr he used to say that we are not getting approved from managers . Although I didn't accepted the offer due to frustration.

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Yeah i won't join. Now i just want ol for the waiting. Atleast i deserve that now.

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Tell them you have joining in XYZ company on XYZ date. Release the letter, else u'll have to join there in XYZ company.

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Haha .. good idea bro
That way they will clarify whether they want to give or not!

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