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Oil India gets nod to raise funds worth Rs 4,000 crore

20 Nov 2018 Evaluate

Oil India has received approval to raise funds aggregate principal amount not exceeding Rs 4,000 crore through issue of Debt Securities or equivalent amount in Foreign Currency. The Board of Directors of the Company at its meeting held on November 19, 2018 has approved the same.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.

Peers
Company Name CMP
ONGC 225.50
Oil India 450.40
Jindal Drilling&Inds 498.35
Deep Industries 677.80
Asian Energy Service 421.60
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