InvestorQ : Why is IOCL planning to raise its borrowing limit by more than half?
indhumathi Sayani made post

Why is IOCL planning to raise its borrowing limit by more than half?

Answer
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4 weeks ago


IOCL will increase its borrowing limit by 50% to Rs.165,000 crore. There is a huge mismatch as its revenues nose-dived but crude payments had to be made. The expansion last year took most of its borrowing budget last year.

IOCL incurred a capital expenditure of Rs.29,000 crore in 2019-20. IOCL will invest Rs.13,873 crore in city gas distribution.