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Fitch affirms ONGC ratings at 'BBB-', Outlook stable
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₹603 billion by FY27 from ₹490 billion in FY23 as its core capex remains high and green investments increase.
This includes ₹300 billion-325 billion of domestic upstream capex to accelerate development and exploratory drilling, for capital projects, and for completion of the KG-DWN-98/2 project on India's eastern coast, and around ₹200 billion of annual capex at ONGC's various subsidiaries.
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