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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

449.80 -26.35 (-5.53%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 280.70
Oil India 449.80
Jindal Drilling&Inds 525.80
Deep Industries 456.75
Asian Energy Service 297.55
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