Financing standing working capital of Oil Marketing Companies (OMCs) by long term external borrowings

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....inancing standing working capital of Oil Marketing Companies (OMCs) by long term external borrowings <br>News and Press Release<br>Dated:- 4-10-2018<br><BR>It has been decided to put in place an arran....

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....gement for financing the standing working capital requirements of Oil Marketing Companies (OMCs) by long-term foreign currency loans. The arrangement will be as follows: (i) OMCs will borrow USD 10 b....

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....illion with a maturity of 5 years in a phased manner, with an initial tranche of USD 4 billion followed by two tranches of USD 3 billion each, all borrowing completed in a period of one year from now.....

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.... (ii) OMCs will not be required to hedge their exposure.<BR> News - Press release - PIB....