HPCL raises Rs 750 crore through debentures
16th Dec 2022

Hindustan Petroleum Corporation (HPCL) has raised Rs 750 crore through allotment of 7500, 7.54% p.a. Unsecured, Redeemable, Non-Convertible, Non-Cumulative, Taxable Debentures of Rs 10,00,000 each  on private placement basis on December 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 issuer. 

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.