{"id":276718,"date":"2019-05-30T06:33:11","date_gmt":"2019-05-30T06:33:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=276718"},"modified":"2019-05-30T06:33:11","modified_gmt":"2019-05-30T06:33:11","slug":"delayed-subsidy-dues-see-oil-companies-debt-surge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/delayed-subsidy-dues-see-oil-companies-debt-surge\/","title":{"rendered":"Delayed subsidy dues see oil companies\u2019 debt surge"},"content":{"rendered":"<p>Rising under-recoveries coupled with delays in subsidy payment from the government have deteriorated the liquidity position of the three state-run oil marketing companies: Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation (BPCL). This has resulted in the maharatnas borrowing from the market at high-interest costs in order to meet working capital and capital expenditure requirements.<\/p>\n<p>As on March 2019, the combined borrowings of the three PSUs stood at a whopping Rs 1.35 lakh crore, up 38.3 per cent from Rs 97,968 crore a year ago, cranking up their debt-to-Ebidta ratio to 2.5 times from 1.7 times in FY18.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising under-recoveries coupled with delays in subsidy payment from the government have deteriorated the liquidity position of the three state-run oil marketing companies: Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation (BPCL). This has resulted in the maharatnas borrowing from the market at high-interest costs in order to meet working capital and capital expenditure requirements. As on March 2019, the combined borrowings of the three PSUs stood at a whopping Rs 1.35 lakh crore, up 38.3 per cent from Rs 97,968 crore a year ago, cranking up their debt-to-Ebidta ratio to 2.5 times from 1.7 [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,207,143],"tags":[],"class_list":["post-276718","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=276718"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/276718\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=276718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=276718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=276718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}