Hindustan Petroleum secures top credit rating for debentures

Hindustan Petroleum Corporation Limited (HPCL) announced on October 28, 2025, that CRISIL Ratings has assigned a "Crisil AAA" rating with a "Stable" outlook to its proposed non-convertible debentures (NCDs).

The company plans to raise INR 5,000 crore through these non-convertible debentures. The "Crisil AAA" rating signifies the highest level of creditworthiness, indicating that these instruments carry the lowest credit risk. This positive assessment is expected to enhance investor confidence in HPCL's debt instruments.

The announcement was signed by Rakesh Kumar Singh, company secretary, and shared with both the BSE Limited and the National Stock Exchange of India Limited. HPCL’s registered office is located in Mumbai, India.