HPCL raises Rs 1650 crore through NCDs
3rd Mar 2023

Hindustan Petroleum Corporation (HPCL) has raised Rs 1650 crore through issue of 1,65,000 Unsecured, Redeemable, Non-Convertible, Non-Cumulative, Taxable Debentures (NCDs) of Rs 1,00,000 on private placement basis on March 02, 2023 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.