HPCL refinances ₹50,000 cr Rajasthan refinery debt, eyes ₹1,000 cr annual interest savings
BusinessLine·2026-10-23 15:47

Hindustan Petroleum Corp. (HPCL) has refinanced about ₹50,000 crore of debt at its Rajasthan refinery, securing a reduction of around 105 basis points in borrowing costs and targeting annual interest savings of about ₹1,000 crore through a broader restructuring of the project's finances, Chairman and Managing Director Vikas Kaushal said on Friday.The refinancing, effective October 3, is expected to save the company about ₹470 crore to ₹550 crore annually, Kaushal told analysts on an earnings call.Additional ...

HPCL refinances ₹50,000 cr Rajasthan refinery debt, eyes ₹1,000 cr annual interest savings - Reportify