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IOC raises Rs 1625 crore through NCDs

04 Aug 2020 Evaluate

Indian Oil Corporation (IOC) has issued 16250, 5.40% Unsecured, Listed, Rated, Taxable, Redeemable, Nonconvertible Debentures (Series XVIII) of Rs 10,00,000 each aggregating to Rs 1625 crore on Private Placement basis on August 3, 2020.

The funds raised through this issue will be utilized for, inter alia, refinancing of existing borrowing and/or funding of Capital Expenditure of the company, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the issuer.

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.

Peers
Company Name CMP
Reliance Industries 1223.30
Indian Oil Corpn. 128.55
Bharat PetroleumCorp 293.55
HPCL 348.40
MRPL 174.85
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