Indian Oil Corporation Limited announced that the Company has issued 25,000, 7.14% Unsecured, Listed, Rated, Taxable, Redeemable, Non- convertible Debentures (Series - XXIV) of INR 1,000,000 each aggregating to INR 25,000 million on Private Placement basis on 6 September 2022. The funds raised through this issue will be utilized for, inter alia, refinancing of existing borrowing and/or funding of Capital Expenditure of the Company, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the Company.