HPCL raises Rs 2,000 crore through debt
24th Oct 2020

Hindustan Petroleum Corporation (HPCL) has raised Rs 2,000 crore through issuance of un-secured, redeemable, non-convertible, non-cumulative, taxable, debenture of Rs 10 lakh each on private placement basis for funding of capital expenditure, including recoupment of expenditure already incurred. Coupon rate will be 4.79 percent per annum for the debt instruments which will mature on October 23, 2023.

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.