Oil & Natural Gas Corporation Limited — Credit Ratings, 19-03-2026: Credit Rating

ICRA Limited has reaffirmed Oil and Natural Gas Corporation Limited's (ONGC) long-term rating at [ICRA] AAA (Stable) for its ₹8,500 Crore Non-Convertible Debenture programme. This reflects ONGC's dominant market position, robust financial health, and strategic importance. ICRA also withdrew ratings for some NCDs due to no outstanding amounts or company request, in line with their policy.