HPCL to raise upto Rs 10,000 crore on private placement basis
16th Dec 2022

Hindustan Petroleum Corporation (HPCL) has received approval to raise upto Rs 10,000 crore through issuance of Secured/Unsecured Redeemable Non-Convertible Debentures/Bonds/Notes etc on private placement basis in the domestic market and/or in the overseas market from the date of such approval. The Board of Directors of the Company at its meeting held on December 15, 2022 approved the same.

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.