Indian Oil Corporation raises Rs 2500 crore through NCDs
28th Nov 2022

Indian Oil Corporation (IOC) has raised Rs 2500 crore through 25000, 7.44% Unsecured, Listed, Rated, Taxable, Redeemable, Nonconvertible Debentures (NCDs) (Series - XXV) of Rs 10,00,000 each on Private Placement basis on November 25, 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 Company.

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.