HPCL raises Rs 2,000 crore through debt

24 Oct 2020 Evaluate

Hindustan Petroleum Corporation (HPCL) has raised Rs 2,000 crore through issuance of un-secured, redeemable, non-convertible, non-cumulative, taxable, debenture of Rs 10 lakh each on private placement basis for funding of capital expenditure, including recoupment of expenditure already incurred. Coupon rate will be 4.79 percent per annum for the debt instruments which will mature on October 23, 2023.

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.

HPCL Share Price

475.80 5.15 (1.09%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Reliance Industries 2976.80
Indian Oil Corp. 167.75
BPCL 603.00
HPCL 475.80
MRPL 218.70
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