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ONGC's Downstream Gains to Aid Growth in FY26: S&P
Financial Express Delhi
|June 03, 2025
State-owned Oil and Natural Gas Corporation's (ONGC) earnings are likely to remain resilient in the current fiscal as income from its refining and marketing operations will rise enough to offset a decline in upstream profitability following a recent fall in oil prices, S&P Global Ratings said Monday.
ONGC, it said, is likely to generate enough free cash flow to consolidate its balance sheet and support the rating, but headroom for the 'bbb+' stand-alone credit profile (SACP) remains thin, given recent acquisitions.
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FLERE HISTORIER FRA Financial Express Delhi
Financial Express Delhi
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