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Entity-Specific Rating Rationales

12 Feb 2026

Essar Oil and Gas Exploration and Production Limited: Ratings reaffirmed

Essar Oil and Gas Exploration and Production Limited: Ratings reaffirmed

14 Oct 2025

Essar Oil and Gas Exploration and Production Limited: Issuer rating withdrawn

Essar Oil and Gas Exploration and Production Limited: Issuer rating withdrawn

09 May 2025

Essar Oil and Gas Exploration and Production Limited: [ICRA]A-/[ICRA]A2+ ratings reaffirmed and removed from watch with developing implications; Stable outlook assigned

Essar Oil and Gas Exploration and Production Limited: [ICRA]A-/[ICRA]A2+ ratings reaffirmed and removed from watch with developing implications; Stable outlook assigned

17 Sep 2024

Essar Oil and Gas Exploration and Production Limited – Placed on rating watch with developing Implication

Essar Oil and Gas Exploration and Production Limited – Placed on rating watch with developing Implication

24 Jul 2024

Essar Oil and Gas Exploration and Production Limited: [ICRA]A- (Stable) assigned for BLR & [ICRA]A2+ assigned for CP; rating reaffirmed for Issuer Rating

Essar Oil and Gas Exploration and Production Limited: [ICRA]A- (Stable) assigned for BLR & [ICRA]A2+ assigned for CP; rating reaffirmed for Issuer Rating

08 Jul 2024

Essar Oil and Gas Exploration and Production Limited: [ICRA]A- (Stable) assigned

Essar Oil and Gas Exploration and Production Limited: [ICRA]A- (Stable) assigned

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Entity-Specific Credit Perspective Reports

12 Mar 2026

Essar Oil and Gas Exploration and Production Limited

Essar Oil and Gas Exploration and Production Limited (Non-SF)

16 Jun 2025

Essar Oil and Gas Exploration and Production Limited

Essar Oil and Gas Exploration and Production Limited (Non-SF)

13 Aug 2024

Essar Oil and Gas Exploration and Production Limited

Essar Oil and Gas Exploration and Production Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Issuer rating -- -- Withdrawn --
Fund-based-Term Loan -- -- [ICRA]A-(Stable) --
Commercial Paper [ICRA]A2+ -- -- --

Our Analysts

Analyst 1

Aryan Jaiswal

Analyst 2

Varun Gogia

Sector Head

Girishkumar Kashiram Kadam
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