![HPCL gets board nod to raise ₹10,000 cr via debt; stock down 3%](https://images.assettype.com/fortuneindia%2F2022-08%2F8cac60a0-7430-45ff-9d1d-a4d45aed2b39%2FOil_stock.jpg?w=300&q=95)
HPCL gets board nod to raise ₹10,000 cr via debt; stock down 3%
The board of HPCL has given the approval to raise up to ₹10,000 cr via debt market to fund its oil refining and fuel marketing operations.
The board of HPCL has given the approval to raise up to ₹10,000 cr via debt market to fund its oil refining and fuel marketing operations.
HPCL posted a back-to-back quarterly loss amid continued decline in margins due to a freeze on retail prices of petrol and diesel.