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Home > News > ONGC to borrow $1 b to fund Mangalore project > ONGC to borrow $1 b to fund Mangalore project

ONGC to borrow $1 b to fund Mangalore project [1]

NEW DELHI: Oil and Natural Gas Corporation Mangalore Petrochemicals Limited (OMPL), a special purpose vehicle to execute the Rs. 6,400-crore aromatic petrochemical complex at Mangalore, has mandated SBI Caps to arrange for funds for the $1.52 billion project. The company plans to borrow around $1 billion to fund the project.

Publication Date: 
11/10/2008
Hindu (New Delhi) [2]
Tags:
Petrochemical Industry [3], Karnataka [4], Oil and Natural Gas Corporation (ONGC) [5], Mangalore Refineries And Petrochemical (MRPL) [6]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/news/ongc-borrow-1-b-fund-mangalore-project

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/ongc-borrow-1-b-fund-mangalore-project
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/hindu-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/karnataka
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-and-natural-gas-corporation-ongc
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mangalore-refineries-and-petrochemical-mrpl