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EnergyInfrastructureHigh impactPre-market

L&T secures ₹2,500–5,000 cr ONGC offshore contract

pre-market1 source ↓written by the desknot a recommendation

contract from Oil
₹2,500–5,000 cr

Larsen & Toubro’s Energy Hydrocarbon Offshore division has won a ₹2,500–5,000 cr contract from Oil and Natural Gas Corporation for the development of the Ratna-I and NLM-14 offshore projects. This order includes engineering, procurement, and installation of new platforms and subsea pipelines, aimed at enhancing production and infrastructure along the west coast.

This contract is significant for L&T as it strengthens its position in the offshore energy sector, potentially boosting revenue and operational capacity in a crucial market segment.

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 16 Sept 2026, 07:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

LT closed −1.1% on the day of the news, from ₹3,850.70 to ₹3,807.70; Nifty +0.4% over the same session; futures OI +1.3%.

Bulletin at 07:07 IST on 16 Sept 2026. Every change is measured from ₹3,850.70, the last close before it, on 15 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 it354938514153axis spans 17%before the news · 15 Sept3851Nifty 50LTbulletinD0+1+3+58 Sept21 Sept30 SeptFutures open interest, lotspeak 76,000Reference close ₹3,850.70. 16 sessions from 8 Sept to 30 Sept; 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 %
Before15 Sept₹3,850.70basebase
On the day16 Sept₹3,807.70▼ −1.1%▲ +0.4%−1.6 pp difference
+1 session17 Sept₹3,836.20▼ −0.4%▲ +0.7%−1.0 pp difference
+3 sessions21 Sept₹3,904.80▲ +1.4%▲ +1.3%+0.1 pp difference
+5 sessions23 Sept₹3,929.90▲ +2.1%▲ +1.4%+0.6 pp difference
Gap at the open, % · ₹
▼ −0.2%−6.55 on 16 Sept
Day's range, % · ₹
1.8%≈ 68 high to low
Volume on the day
1.52×the 20-session average
Futures OI on the day
▲ +1.3%+940 lots · short build-up · price −1.1%
Futures OI open, lots
71,00016 Sept · 29 Sept expiry
Futures premium, ₹
+22.40+0.6% to spot
Puts per call, by OI
0.50from 0.49 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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