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ONGC backs rupee bond after 15 years
Mint Bangalore
|October 10, 2025
State-run Oil and Natural Gas Corp (ONGC) has provided its first guarantee in 15 years for a rupee-denominated bond, likely to be issued by a subsidiary this quarter, three sources aware of the matter said on Thursday.
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ONGC Petro Additions Ltd (OPAL), in which ONGC owns more than 95% stake, is looking to raise ₹5,000 crore ($563.22 million) through a multiple-tranche bond sale, they said.
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