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Indian Oil Corpn.: Update on board meeting

INDIAN OIL CORPORATION LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2020 inter alia to consider and approve This is further to our earlier communication dated 7th October 2020 with regard to Board Meeting of the Company scheduled on Friday 30th October 2020.

Pursuant to Reg. 29 (1) & 50 (2) of SEBI (LODR) Regulations 2015 it is hereby notified that the Board at its aforesaid meeting would consider the proposal for delegation of authority for borrowings including borrowings upto Rs.20 000 Crore during a financial year through private placement of bonds/ debentures in one or more tranches from time to time within the overall borrowing limit of Rs.1 65 000 crore approved by shareholders at the last Annual General Meeting.
The above is for your information and record please.

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