Company News

Additional Equity Injection in Byco Oil Pakistan Limited

November 18, 2011

The Sponsors of Byco Oil Pakistan Limited (BOPL) have injected an additional equity of around US$ 25 million to ensure timely completion of US$ 430 million Oil Refinery Project. With this additional fund injection into the company, the debt/equity ratio of the project would be approximately 28:72.

This ratio does not only depict an extremely well capitalised balance sheet, but also unparalleled sponsor commitment, as infrastructure projects in the country are generally being financed with over 70pc debt, and less than 30pc equity.