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Chennai Petroleum in Talks to Raise $3.3B for Refinery
Chennai Petroleum Corporation Ltd. is in talks with banks to raise a 280 billion rupee ($3.3 billion) loan to help build a major oil refinery in the south of India, people familiar with the matter said. The state-owned company has already received expressions of interest, and State Bank of India will lead the transaction, according to the people, who asked not to be named as the deliberations are private. It would be second-biggest local-currency loan in India this year. The funds will help build a proposed 9 million-ton-a-year oil processing plant in the southern state of Tamil Nadu, which has a total cost of around ... (full story)
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- Posted: Oct 13, 2024 7:05pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 112
