Hindustan Petroleum Corporation (HPCL), oil refiner and marketing company is planning to raise about $200 million through overseas market to fund the capital expenditure. It has sought requests from bankers for proposed ECB. Earlier in last September it had raised a $465 million five-year loan via 165 points above Libor.
HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam, (east coast) with a capacity of 7.5 MMTPA.
