HPCL TO RAISE Rs500-600 Cr VIA PETRO-BONDS
Article Abstract:
Hindustan Petroleum Corporation Limited (HPCL) has decided to borrow about Rs600 crore from banks by pledging the petro bonds issued by the government in 1997. The bonds worth Rs992 crore were issued against the oil pool dues to oil refining companies. HPCL is the first public sector to borrow against the bonds which will be done in the last quarter of 1998-99. The bonds carry a coupon rate of 10.5 percent. (uh)
Comment:
Decides to borrow about Rs600 crore from banks by pledging petro bonds issued by the government in 1997
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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HPCL NET UP 26 PERCENT
Article Abstract:
Hindustan Petroleum Corporation Limited (HPCL) posted 26 percent higher net profit for the third quarter ended December 1998. The profit after tax (PAT) increased to Rs220 crore ($52 million) during Q3 1998-99 as against Rs 174 crore ($44 million) for the same period in 1997-98. HPCL recently received Navaratna status. (um)(psr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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