Bharat Petroleum Corporation (BPCL) has raised Rs 1,995.20 crore through private placement of unsecured non-convertible debentures (NCDs) at a coupon of 6.11% p.a. payable annually with a door to door maturity of 5 years. The pay-in date as well as allotment shall be done on July 6, 2020. The proceeds will be utilized for funding of Capital Expenditure of the company, including recoupment of expenditure already incurred.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.
