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Nepal Oil Corp. becomes debt free

Nepal Oil Corp. becomes debt free

Nepal Oil Corporation (NOC) has become debt free after 13 years.  Recently, NOC has paid back Rs 1.41 billion to the government of Nepal after which it has become debt free. NOC was in debt since the FY 2059/60. It had taken debt from the government along with various banks and financial institutions  (BFIs) in a bid to carry out fuel trading.…
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