Bharat Petroleum Corporation (BPCL) has raised Rs 750 crore through private placement of unsecured non-convertible debentures at a coupon of 7.69% per annum payable annually with a door to door maturity of 5 years on January 16, 2018. The proceeds will be utilized for funding of Capital Expenditure of the company, including recoupment of expenditure already incurred. The issue would be listed both on NSE and BSE.
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.
