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As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating
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Shriram Finance Limited: Rating upgraded, removed from Watch with Positive Implications and Stable outlook assigned 09 Apr 2026

Canpac Trends Pvt. Ltd.: Ratings reaffirmed; outlook revised to Positive; rated amount enhanced 09 Apr 2026

Luxmi Tea Company Private Limited: Ratings reaffirmed 09 Apr 2026
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ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Monthly Research Compendium 08 Apr 2026

Status quo and cautious tone in April 2026 policy amidst geopolitical uncertainty; extended pause seen 08 Apr 2026

Gross SGS issuance projected at Rs. 13.4-14.0 trillion in FY2027 06 Apr 2026
Most Trending Reports

Portfolio growth to remain healthy notwithstanding some moderation; managing asset quality will remain crucial 31 Mar 2026

ICRA's Outlook for FY2027 01 Apr 2026

RE capacity addition reached a record high in FY2026, but likely to moderate owing to delays in the augmentation of transmission infrastructure 30 Mar 2026
Credit Perspective
About Credit Perspective Reports

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
Know more
Special Comments

Monthly Research Compendium 08 Apr 2026

Status quo and cautious tone in April 2026 policy amidst geopolitical uncertainty; extended pause seen 08 Apr 2026

Gross SGS issuance projected at Rs. 13.4-14.0 trillion in FY2027 06 Apr 2026
Most Trending Research

Portfolio growth to remain healthy notwithstanding some moderation; managing asset quality will remain crucial 31 Mar 2026

ICRA's Outlook for FY2027 01 Apr 2026

RE capacity addition reached a record high in FY2026, but likely to moderate owing to delays in the augmentation of transmission infrastructure 30 Mar 2026
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Banking Outlook: Growth and Profitability in an Uncertain Geopolitical Environment 22 Apr 2026 04:00 PM
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Focus shifts to growth inflation balancing - Financial Express 09 April 2026

LPG LNG supply to ease gradually - Financial Express 09 April 2026

Indian refiners begin talks for cargo via Hormuz await shipping cos nod - Business Standard 09 April 2026
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Oil and Natural Gas Corporation Limited

Sector : Oil Sub Sectors : Oil Exploration & Production

09 Apr 2026 Oil and Natural Gas Corporation Limited: CPR-Oil_and_Natural_Gas_Corporation_Limited

Home Credit Perspective Reports Oil and Natural Gas Corporation Limited

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Entity-Specific Rating Rationales

19 Mar 2026

Oil and Natural Gas Corporation Limited: Ratings reaffirmed and withdrawn

Oil and Natural Gas Corporation Limited: Ratings reaffirmed and withdrawn

20 Mar 2025

Oil and Natural Gas Corporation Limited: Ratings reaffirmed

Oil and Natural Gas Corporation Limited: Ratings reaffirmed

23 Aug 2024

Oil and Natural Gas Corporation Limited - Update on Entity

Oil and Natural Gas Corporation Limited - Update on Entity

22 Mar 2024

Oil and Natural Gas Corporation Limited: Ratings reaffirmed; reaffirmed and withdrawn for Rs. 2,640-crore NCD

Oil and Natural Gas Corporation Limited: Ratings reaffirmed; reaffirmed and withdrawn for Rs. 2,640-crore NCD

20 Jul 2023

Oil and Natural Gas Corporation Limited: Change in limits; rating withdrawn for commercial paper

Oil and Natural Gas Corporation Limited: Change in limits; rating withdrawn for commercial paper

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Entity-Specific Credit Perspective Reports

09 Apr 2026

Oil and Natural Gas Corporation Limited

Oil and Natural Gas Corporation Limited (Non-SF)

10 Apr 2025

Oil and Natural Gas Corporation Limited

Oil and Natural Gas Corporation Limited (Non-SF)

10 Apr 2024

Oil and Natural Gas Corporation Limited

Oil and Natural Gas Corporation Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Long-term – Fund-based – Cash Credit	--	--	Withdrawn	--
Short-term – Fund-based/Non-fund based – Others	Withdrawn	--	--	--
Long-term/Short-term – Unallocated limits – Unallocated limits	Withdrawn	--	Withdrawn	--
Short-term – Non-fund based – Others	Withdrawn	--	--	--
NCD	--	--	[ICRA]AAA(Stable)	--
NCD	--	--	[ICRA]AAA(Stable)	--
Commercial Paper	Withdrawn	--	--	--

Our Analysts

Analyst 1

Himani Sanghvi

7940271547
himani.sanghvi@icraindia.com

Analyst 2

Anubha Rustagi

9820168922
anubha.rustagi2@icraindia.com

Sector Head

Girish kumar Kadam

+91 22 61143441
girishkumar@icraindia.com

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Banking Outlook: Growth and Profitability in an Uncertain Geopolitical Environment

Karthik Srinivasan,Anil Gupta,Sachin Sachdeva

22 Apr 2026 04:00 PM

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Credit Quality Trends and ICRA’s Outlook for FY2027

Mr. K Ravichandran,Ms. Aditi Nayar,Mr. Pratik Singhania

01 Apr 2026 04:00 PM

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PPT

Road sector hits a slow lane as project awarding moderates

Mr. Suprio Banerjee,Mr. M Rajashekar Reddy

25 Feb 2026 04:00 PM

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PPT

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New CPI and GDP Series | FY27 Growth and Inflation Outlook | ICRA Insight by Aditi Nayar

Mar 2026

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