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Oil India to raise $400 million via ECB

17 Apr 2013 Evaluate

State-run Oil India is planning to raise $400 million via external commercial borrowings (ECB). The company will utilize these funds to finance $650 million of capital expenditure this year. It also plans to enter the liquefied natural gas (LNG) business.

The company, in the previous financial year, had raised about $50 million through ECB at 0.68% of Libor (London interbank offered rate) and is expecting better rates this year. Further, the cash-rich exploration firm is in negotiations for several oil and gas assets abroad and expected to complete at least one deal soon.

Oil India Share Price

425.00 1.80 (0.43%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 245.00
Oil India 425.00
Jindal Drilling&Inds 604.85
Deep Industries 465.35
Asian Energy Service 333.40
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