The board of Indian Oil Corp has approved a final investment of Rs 29,777 crore for a 15 mln ton refinery project. Rs 9,800 crore will be funded domestically by a SBI-led consortium of 20 banks, Rs 4,,000-5,000 crore will be raised through foreign funds.
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Tuesday, March 24, 2009
IOC plans to raise Rs 4,000-5,000 crore through external markets
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