Hindustan Petroleum Corporation (HPCL) has raised Rs 1800 crore through the allotment of Unsecured, Redeemable, Non-Convertible, Non-Cumulative, Taxable Debentures of Rs 10,00,000 each on private placement basis on July 15, 2022 for funding of refinancing of existing borrowings and/or funding of capital expenditure of the Issuer, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the Issue.
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.
