Indian Oil Corporation (IOC) - is eyeing to raise $500 million through an offshore issue of bonds for which the company has picked up BNP Paribas, Royal Bank of Scotland Group Plc and Citigroup for the issue. The state-run company is looking to raise the benchmark size offering in 10-year bonds to fund its Paradip refinery project.
Recently, IOC was likely to shut down its 160,000 barrels per day (bpd) refinery in northern India for maintenance purpose which will be for the period of three weeks ranging between August to September. The shutdown of sole crude unit at the plant would mean other secondary units would also remain idle for two to three weeks.
IOC is the country's biggest fuel refiner and retailer with crude processing capacity of 1.314 million barrels per day.
Company Name | CMP |
---|---|
Reliance Industries | 3021.25 |
Indian Oil Corp. | 175.20 |
BPCL | 667.50 |
HPCL | 583.00 |
MRPL | 212.60 |
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