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BPCL planning to raise $500 million to fund capital expenditure: Report

27 Oct 2017 Evaluate

Bharat Petroleum Corporation (BPCL) is reportedly planning to raise $500 million from the market to fund expansion of Bina, Kochi, Mumbai and Numaligarh refineries. The company has recently notified stock exchanges about its plan to raise Rs 2,000 crore in the current fiscal via private placement of non-convertible debentures (NCD) depending on market conditions.

Bharat Petroleum Corporation (BPCL) is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.



Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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