As a global recession and slowing inflation lower the cost of credit, India’s largest energy explorer Oil & Natural Gas Corp. (ONGC) plans to borrow Rs 200 bln (US$4 bln) to fund projects. The loans iinclude Rs 88 bln to be raised in the next couple of months for a planned chemical venture in Gujarat.
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Tuesday, April 14, 2009
ONGC plans to borrow US$4 bln to fund projects
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