Hindustan Petroleum Corp Ltd has announced that the company has raised Rs 170 crore through the sale of oil bonds issued to the company by the government.

Hindustan Petroleum Corporation Limited (HPCL) operates as an integrated oil refining and marketing company in India. It offers petrol, diesel, kerosene, liquefied petroleum gas (LPG), aviation turbine fuel, naphtha, bitumen, low sulfur heavy stock, solvents, unleaded petrol and low sulphur diesel, and approximately 300 brands of lubricants.

HPCL had originally planned to raise Rs 300 crore via the 2012 bonds and Rs 185 crore through 2024 bonds. These bonds were issued by the government to compensate for selling fuel below market rates.    

The stock of HPCL closed today at Rs. 336. It has touched an intraday high of Rs. 350 and low of Rs. 330.

On the other side, DCW Ltd, a diversified manufacturer of basic chemicals has announced that its board has approved raising up to Rs 200 crore through issue of equity shares to institutional investors.

The stock of DCW closed today at Rs. 37.70, down 1% compared with previous close of Rs. 38.10. It touched an intraday high of Rs. 38.40 and low of Rs. 36.20.