HPCL to raise upto USD 150 mn through ECB

Mumbai, Feb 2: The public sector Hindustan Petroleum Corporation Ltd (HPCL) is in the process of finalising external commercial borrowings (ECB) upto JP Yen equivalent to USD 100 million with a green shoe option of USD 50 million for a period of five years.

Informing the BSE, the company said the availment of the amount would be utilised to meet the capital expenditure of HPCL. The above arrangement is being made through HDFC Bank and DEPFA Bank.

UNI