IOC gets Rs149 bln loan for Paradip refinery project
Indian Oil Corp Ltd (IOC), the country's largest state-owned refiner said it has signed a rupee term loan agreement of Rs149 billion with 21 lenders led by State Bank of India (SBI). The loan facility would be used to fund part of its ambitious Rs335 billion, 15 million metric tonne per annum (MMTPA) grass roots refinery project at Paradip in Orissa.

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