Indian Oil Corporation (IOC) has issued 29,950 Unsecured, Rated, Taxable, Redeemable, Non-convertible Debentures (NCD) (Series - XVI) of Rs. 10,00,000 each aggregating to Rs. 2,995 crore on Private Placement basis on March 6, 2020 to meet its capex 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.