Reliance Industries (RIL) has banged a deal to raise yet another $1 billion loan from the international market at a time when several firms have shelved their borrowing plans amidst uncertainty in the global market. The company is in discussion with US Exim bank to part fund its $12 billion Jamnagar phase -III expansion project. The funding will depend upon the equipments and services it sources from US firms.
This loan funds will be utilized to retire a part of the existing debt. RIL not only managed to secure 5-year billion dollar term loan, but the syndicated facility had backing of 30 international banks. The loan was raised at 150-175 basis points above LIBOR. Through this deal, RIL would have raised $3.5 billion (Rs 15,750 crore) of debt from the international markets in the last one year. The company had debt of $15 billion against cash reserves of $10 billion as on June 30.
The company has received the Government of India (GoI) approval for its transformational deal with BP. This approval will result in the largest foreign investment in the domestic hydrocarbon sector. BP will take 30% stake in 21 oil & gas production sharing contracts that Reliance Industries operates in India, including the producing KG D6 block. Following the approval, RIL and BP will work together to conclude the deal expeditiously.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: