Hindustan Petroleum Corporation (HPCL) has raised Rs 1,400 crore on private placement basis through issuance of Un-secured, Redeemable, Non-Convertible, Non-Cumulative, taxable, Debenture of Rs 10,00,000 each on March 6, 2020 for funding of capital expenditure of the company, including recoupment of expenditure already incurred.
The maturity date is April 12, 2030 and the coupon rate of debentures is 7.03% p.a.
Hindustan Petroleum Corporation operates two major refineries producing a wide variety of petroleum fuels and Specialties. The Company also owns and operates the largest lube refinery in the country producing lube base oils of international standards.
