{"id":371780,"date":"2020-09-04T10:34:53","date_gmt":"2020-09-04T05:04:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371780"},"modified":"2020-09-04T10:34:53","modified_gmt":"2020-09-04T05:04:53","slug":"iocl-seeks-shareholders-nod-to-increase-borrowing-limit-by-50","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iocl-seeks-shareholders-nod-to-increase-borrowing-limit-by-50\/","title":{"rendered":"IOCL seeks shareholders&#8217; nod to increase borrowing limit by 50%"},"content":{"rendered":"<p>MUMBAI : Indian Oil Corporation Ltd (IOCL), country&#8217;s largest oil marketing company, is planning to raise its borrowing limit by 50% to \u20b91.65 trillion from \u20b91.1 trillion and has sought shareholders nod for the same.<\/p>\n<p>IOCL&#8217;s sales collection nosedived during the last week of March due to the covid-induced nationwide lockdown, while it continued to make the payment for crude oil supplies as per the contractual terms, the company said in its annual report.<\/p>\n<p>&#8220;The internal accruals have remained muted during 2019-20 mainly on account of large inventory losses coupled with subdued margins in refining as well as in petrochemical segments,&#8221; said IOCL adding that the company is going through a phase of expansion and upgrading its infrastructure facilities across business segments viz. refining, pipelines, marketing, petrochemicals and natural gas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : Indian Oil Corporation Ltd (IOCL), country&#8217;s largest oil marketing company, is planning to raise its borrowing limit by 50% to \u20b91.65 trillion from \u20b91.1 trillion and has sought shareholders nod for the same. IOCL&#8217;s sales collection nosedived during the last week of March due to the covid-induced nationwide lockdown, while it continued to make the payment for crude oil supplies as per the contractual terms, the company said in its annual report. &#8220;The internal accruals have remained muted during 2019-20 mainly on account of large inventory losses coupled with subdued margins in refining as well as in petrochemical [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-371780","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371780","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=371780"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371780\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}