State-run oil refiner Indian Oil Corp has tied up over Rs 10,000 crore debt for its 15 million tons Paradip refinery, which is scheduled for commissioning in the first quarter of 2012.

IOC had mandated SBI Caps for arranging Rs 14,700 crore debt for the project. Till now, we have received commitments for over Rs 10,000 crore from a clutch of public sector banks, a company official said.