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L&T Offshore secures major EPCIC contract from ONGC

after close1 source ↓written by the desknot a recommendation

valued between
$500 million to $1 billion

Larsen & Toubro's offshore unit, L&T Energy Hydrocarbon Offshore, has won a large contract from ONGC for projects off India's west coast. The contract, valued between $500 million to $1 billion, involves engineering, procurement, construction, installation, and commissioning of the Ratna–I and NLM-14 projects, including multiple wellhead platforms and subsea pipelines.

This significant contract is expected to enhance L&T's position in the offshore sector and may positively impact investor sentiment in the energy and infrastructure markets.

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 17 Sept 2026, 16:18 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

LT closed +1.3% on the day of the news, from ₹3,836.20 to ₹3,885.00; Nifty +0.3% over the same session; futures OI −1.0%.

Bulletin at 16:18 IST on 17 Sept 2026. Every change is measured from ₹3,836.20, the last close before it, on 17 Sept. Nifty 50 is measured over the same sessions.

  • LT close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
LT closes around the bulletin against the close before the news, with Nifty 50 rebased to it353538364137axis spans 17%before the news · 17 Sept3836Nifty 50LTbulletinD0+1+3+510 Sept22 Sept1 OctFutures open interest, lotspeak 76,000Reference close ₹3,836.20. 15 sessions from 10 Sept to 1 Oct; the price axis spans 17 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 %
Before17 Sept₹3,836.20basebase
On the day18 Sept₹3,885.00▲ +1.3%▲ +0.3%+0.9 pp difference
+1 session21 Sept₹3,904.80▲ +1.8%▲ +0.6%+1.2 pp difference
+3 sessions23 Sept₹3,929.90▲ +2.4%▲ +0.8%+1.7 pp difference
+5 sessions25 Sept₹3,876.20▲ +1.0%▼ −0.6%+1.6 pp difference
Gap at the open, % · ₹
▲ +0.3%+9.97 on 18 Sept
Day's range, % · ₹
1.4%≈ 52 high to low
Volume on the day
1.12×the 20-session average
Futures OI on the day
▼ −1.0%−730 lots · short covering · price +1.3%
Futures OI open, lots
70,00018 Sept · 29 Sept expiry
Futures premium, ₹
+3.20+0.1% to spot
Puts per call, by OI
0.55from 0.52 the session before
Max pain
4,000from 4,000 the session before

Source NSE UDiFF bhavcopy · LT on the desk →

Thread · LTAll LT bulletins →

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