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Chennai Petroleum Corporation to raise Rs 1,000 crore through bonds

22 May 2020 Evaluate

Chennai Petroleum Corporation is planning to raise up to Rs 1,000 crore through a domestic bonds issue during the current fiscal to meet financing needs. The board of directors of the company has approved raising funds through domestic bonds up to Rs 1,000 crore during the FY 2020-21 through private placement, towards balancing the short term/long term (borrowing) mix.

Chennai Petroleum Corporation, a Group company of Indian Oil Corporation is an Indian state-owned oil and gas corporation headquartered in Chennai, India.

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Company Name CMP
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