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IOC raises Rs 3,000 crore via NCDs

23 Oct 2019 Evaluate

Indian Oil Corporation (IOC) has raised Rs 3000 crore through issuance of 30,000 Unsecured, Rated, Taxable, Redeemable, Non-convertible Debentures (NCDs) (Series- XIV), of Rs 10,00,000 each aggregating on Private Placement basis on October 22, 2019 to meet its capital expenditure requirements.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

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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