Financial Daily from THE HINDU group of publications
Sunday, Nov 23, 2003
Financial Daily from THE HINDU group of publications Sunday, Nov 23, 2003 |
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Corporate
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Announcements Industry & Economy - Petroleum ONGC loan for MRPL Our Bureau
MUMBAI: Oil and Natural Gas Corporation Ltd has informed the Bombay Stock Exchange that its board meeting held on November 21 unanimously approved extending long-term loan facility of up to Rs 2,600 crore at an interest rate not less than the bank rate (currently six per cent) for refinancing the long-term rupee loans of Mangalore Refineries and Petrochemicals Ltd (its subsidiary with about 72 per cent equity holding at present). The loan facility would be secured identical to the terms of security for the loans to be refinanced.
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