Indian Oil sends out $500m RFP for capex loan

By Rashmi Kumar
19 Jul 2013

State-owned Indian Oil Corp has sent out a request for proposals for a $500m three year loan, and is giving banks until the end of the month to submit bids.

The company plans to use the loan to meet its capital expenditure requirements, according to a banker.

“Generally, Indian Oil’s loans are for around $300m or so,” said the banker. “But this time it is asking for a bigger loan, so there will be a lot of interest ...

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