Indian Oil Corporation Limited  has issued 12,902, 5.60% Unsecured, Listed, Rated, Taxable, Redeemable, Non-convertible Debentures (Series- XX) of Rs. 10,00,000 each aggregating to Rs. 1,290.20 crore on Private Placement basis on 25th January 2021.

The funds raised through this issue will be utilized for refinancing of existing borrowing and/or funding of capital expenditure of the company, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the issuer.