{"id":289916,"date":"2019-09-02T05:40:17","date_gmt":"2019-09-02T05:40:17","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289916"},"modified":"2019-09-02T05:44:49","modified_gmt":"2019-09-02T05:44:49","slug":"bpcl-to-borrow-rs-70000-cr-by-2024-to-part-fund-expansion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-to-borrow-rs-70000-cr-by-2024-to-part-fund-expansion\/","title":{"rendered":"BPCL to borrow Rs 70,000 cr by 2024 to part-fund expansion"},"content":{"rendered":"<p>State-run oil refiner Bharat Petroleum Corporation Ltd (BPCL) will borrow as much as Rs 70,000 crore by 2024 to part-fund a Rs 1,10,000-crore expansion to bolster its refining and marketing infrastructure, raise petrochemical capacity, invest in upstream and gas ventures, the company\u2019s finance director N Vijayagopal, has said. <\/p>\n<p>Three-fourths of the borrowing will be in dollars and the balance is rupees, in line with BPCL\u2019s policy of raising as much as 75 per cent of its requirements \u2013 short and long-term &#8211; in foreign currency, due to the attractive rates and the natural hedge it offers as the firm sells products that are essentially linked to dollar prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run oil refiner Bharat Petroleum Corporation Ltd (BPCL) will borrow as much as Rs 70,000 crore by 2024 to part-fund a Rs 1,10,000-crore expansion to bolster its refining and marketing infrastructure, raise petrochemical capacity, invest in upstream and gas ventures, the company\u2019s finance director N Vijayagopal, has said. Three-fourths of the borrowing will be in dollars and the balance is rupees, in line with BPCL\u2019s policy of raising as much as 75 per cent of its requirements \u2013 short and long-term &#8211; in foreign currency, due to the attractive rates and the natural hedge it offers as the firm sells [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-289916","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289916","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289916"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289916\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}