The Economic Times

HPCL refinances Rs 50,000 crore Rajasthan refinery debt, eyes Rs 1,000 crore annual interest savings

HPCL has refinanced about Rs 50,000 crore of debt at its Rajasthan refinery, cutting borrowing costs by 105 basis points and targeting annual interest savings of Rs 1,000 crore through broader financial restructuring. The company expects the 9-million-tonne facility to approach full capacity by December, with higher refining margins improving profitability.