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GRSE wins ONGC PSV shipbuilding tender at ₹258 crore per vessel

pre-market1 source ↓written by the desknot a recommendation

quoting
₹258 crore per vessel
contract value
₹1,032 crore
to the winning
15-20% financial assistance

Garden Reach Shipbuilders & Engineers Ltd has emerged as the lowest bidder for a contract to build four Platform Supply Vessels (PSVs) for ONGC, quoting ₹258 crore per vessel. The total contract value is ₹1,032 crore. This deal follows a government initiative to boost local shipbuilding, providing 15-20% financial assistance to the winning bidder.

The contract win may enhance GRSE's market position and investor sentiment in the defense sector.

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, 07:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

GRSE closed −0.3% on the day of the news, from ₹2,574.40 to ₹2,565.80; Nifty −0.4% over the same session.

Bulletin at 07:10 IST on 24 Jul 2026. Every change is measured from ₹2,574.40, the last close before it, on 23 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 it223125742917axis spans 31%before the news · 23 Jul2574Nifty 50GRSEbulletinD0+1+3+517 Jul29 Jul7 AugReference close ₹2,574.40. 16 sessions from 17 Jul to 7 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 %
Before23 Jul₹2,574.40basebase
On the day24 Jul₹2,565.80▼ −0.3%▼ −0.4%+0.1 pp difference
+1 session27 Jul₹2,647.50▲ +2.8%▲ +0.5%+2.3 pp difference
+3 sessions29 Jul₹2,626.10▲ +2.0%▲ +1.6%+0.4 pp difference
+5 sessions31 Jul₹2,601.20▲ +1.0%▲ +2.1%−1.1 pp difference
Gap at the open, % · ₹
▼ −0.9%−23.43 on 24 Jul
Day's range, % · ₹
2.0%≈ 52 high to low
Volume on the day
0.68×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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Source NSE UDiFF bhavcopy · GRSE on the desk →

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