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Indian Oil Corporation issues NCDs worth Rs 2500 crore

17 Jun 2022 Evaluate

Indian Oil Corporation (IOCL) has issued 25000, 7.79% Unsecured, Listed, Rated, Taxable, Redeemable, Non-convertible Debentures (NCDs) (Series - XXIII) of Rs 10,00,000 each aggregating to Rs 2500 crore on Private Placement basis on June 17, 2022. 

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.

Indian Oil Corpn. Share Price

139.25 -4.60 (-3.20%)
29-Jun-2026 14:42 View Price Chart
Peers
Company Name CMP
Reliance Industries 1295.30
Indian Oil Corpn. 139.25
Bharat PetroleumCorp 300.20
HPCL 391.70
MRPL 150.30
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