ONGC’s petrochem subsidiary to plan US$250 mln 7 year loan

ONGC Mangalore Petrochemicals Ltd., a unit of India’s biggest exploration company Oil & Natural Gas Corp., plans to borrow US$250 mln in a seven-year loan, as reported by Bloomberg. State Bank of India, the nation’s largest lender, is arranging the loan, , as per an unidentified source.
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