Chennai Petroleum Corporation has raised Rs 775 crore through Unsecured, Listed, Rated, Senior, Redeemable, Non- Cumulative, Taxable, Non Convertible Bonds in the nature of Debentures and allotted 7750 bonds of Rs 10 lakh each on Private Placement basis for tenor of 3 years to meet the funding of CAPEX and financing business activities.
Chennai Petroleum Corporation, a Group company of Indian Oil Corporation is an Indian state-owned oil and gas corporation headquartered in Chennai, India.