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ONGC awards ₹330 cr contract for MSV Samudra Prabha

pre-market1 source ↓written by the desknot a recommendation

contract
₹329.92 crore
will last
698 days
60 days

Oil and Natural Gas Corporation (ONGC) has awarded a ₹329.92 crore contract to a consortium led by SEAMEC Limited for the operation and maintenance of the MSV Samudra Prabha. The contract will last for 698 days, commencing within 60 days from the Notification of Award. This move enhances ONGC's offshore operational capabilities in Indian waters, crucial for exploration and production activities.

• Contract value: ₹329.92 crore (inclusive of GST)

• Duration: 698 days

• Work commencement: Within 60 days

This contract is expected to positively impact ONGC's operational efficiency in offshore activities.

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 28 Mar 2026, 07:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ONGC closed +1.0% on the day of the news, from ₹281.95 to ₹284.65; Nifty −2.1% over the same session; futures OI −1.1%.

Bulletin at 07:07 IST on 28 Mar 2026. Every change is measured from ₹281.95, the last close before it, on 27 Mar. Nifty 50 is measured over the same sessions.

  • ONGC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ONGC closes around the bulletin against the close before the news, with Nifty 50 rebased to it257.93281.95305.97axis spans 19%before the news · 27 Mar281.95Nifty 50ONGCbulletinD0+1+3+520 Mar6 Apr16 AprFutures open interest, lotspeak 59,000Reference close ₹281.95. 16 sessions from 20 Mar to 16 Apr; the price axis spans 19 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 %
Before27 Mar₹281.95basebase
On the day30 Mar₹284.65▲ +1.0%▼ −2.1%+3.1 pp difference
+1 session1 Apr₹288.05▲ +2.2%▼ −0.6%+2.8 pp difference
+3 sessions6 Apr₹281.850.0%▲ +0.7%−0.7 pp difference
+5 sessions8 Apr₹285.50▲ +1.3%▲ +5.2%−3.9 pp difference
Gap at the open, % · ₹
▲ +0.3%+0.79 on 30 Mar
Day's range, % · ₹
2.3%≈ 6.4 high to low
Volume on the day
1.60×the 20-session average
Futures OI on the day
▼ −1.1%−660 lots · short covering · price +1.0%
Futures OI open, lots
58,00030 Mar · 30 Mar expiry
Futures premium, ₹
+0.50+0.2% to spot
Puts per call, by OI
0.86from 0.67 the session before
Max pain
278from 276 the session before

Source NSE UDiFF bhavcopy · ONGC on the desk →

Thread · ONGCAll ONGC bulletins →

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