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GRSE wins ONGC PSV shipbuilding tender at ₹258 crore each

after close1 source ↓written by the desknot a recommendation

quoted price
₹258 crore per vessel
for the deal
₹1,032 crore
financial assistance
15-20%

Garden Reach Shipbuilders & Engineers Ltd has emerged as the lowest bidder for a contract to build four Platform Supply Vessels (PSVs) for Oil and Natural Gas Corporation Ltd. The quoted price is ₹258 crore per vessel, totaling ₹1,032 crore for the deal. The winning shipyard will also receive 15-20% financial assistance from the government, enhancing its competitive position in the local shipbuilding industry.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 Jul 2026, 16:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

GRSE closed +3.2% on the day of the news, from ₹2,565.80 to ₹2,647.50; Nifty +1.0% over the same session.

Bulletin at 16:10 IST on 24 Jul 2026. Every change is measured from ₹2,565.80, the last close before it, on 24 Jul. Nifty 50 is measured over the same sessions.

  • GRSE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
GRSE closes around the bulletin against the close before the news, with Nifty 50 rebased to it222425662908axis spans 31%before the news · 24 Jul2566Nifty 50GRSEbulletinD0+1+3+520 Jul30 Jul10 AugReference close ₹2,565.80. 16 sessions from 20 Jul to 10 Aug; the price axis spans 31 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before24 Jul₹2,565.80basebase
On the day27 Jul₹2,647.50▲ +3.2%▲ +1.0%+2.2 pp difference
+1 session28 Jul₹2,610.70▲ +1.8%▲ +0.9%+0.8 pp difference
+3 sessions30 Jul₹2,586.20▲ +0.8%▲ +2.3%−1.5 pp difference
+5 sessions3 Aug₹2,582.70▲ +0.7%▲ +4.2%−3.6 pp difference
Gap at the open, % · ₹
▲ +0.5%+13.60 on 27 Jul
Day's range, % · ₹
3.5%≈ 89 high to low
Volume on the day
1.19×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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