Chennai Petroleum Corporation Limited (CPCL) is reportedly in discussions to raise USD 3.3 billion (approximately 27,716 crore INR) to fund its refinery project in Tamil Nadu. The new plant is set to be established in Southern India. The State Bank of India is leading the local-currency loan deal for the project. This funding is aimed at expanding CPCL’s refining capacity, supporting the company’s strategic growth initiatives.
For more details, you can read the full report here on Bloomberg.
