ONGC accounted for nearly 62% of the country’s crude oil production and nearly 75% of its natural gas production in FY2019
ICRA Ratings has assigned AAA stable rating to Oil and Natural Gas Corporation Ltd's (ONGC's) ₹5000 crore non-convertible debentures (NCDs) due to ONGC's dominant market position in the domestic crude oil and natural gas production business with large proved reserves.
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