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ONGC issues $20 billion tender for deepwater drilling rigs

pre-market1 source ↓written by the desknot a recommendation

tender to hire
$20 billion

Oil and Natural Gas Corp has floated a $20 billion tender to hire deep-water drilling rigs, marking its largest oil exploration initiative to date. The tender aims to secure a mix of drill ships and semi-submersible rigs for up to five years, with mobilization required within 80 days. This move is part of the government's Samudra Manthan mission to enhance energy security.

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 25 Mar 2026, 07:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ONGC closed +0.8% on the day of the news, from ₹268.05 to ₹270.20; Nifty +1.7% over the same session; futures OI +0.8%.

Bulletin at 07:08 IST on 25 Mar 2026. Every change is measured from ₹268.05, the last close before it, on 24 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 it245.21268.05290.89axis spans 19%before the news · 24 Mar268.05Nifty 50ONGCbulletinD0+1+3+518 Mar1 Apr13 AprFutures open interest, lotspeak 59,000Reference close ₹268.05. 16 sessions from 18 Mar to 13 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 %
Before24 Mar₹268.05basebase
On the day25 Mar₹270.20▲ +0.8%▲ +1.7%−0.9 pp difference
+1 session27 Mar₹281.95▲ +5.2%▼ −0.4%+5.6 pp difference
+3 sessions1 Apr₹288.05▲ +7.5%▼ −1.0%+8.5 pp difference
+5 sessions6 Apr₹281.85▲ +5.2%▲ +0.2%+4.9 pp difference
Gap at the open, % · ₹
▼ −0.3%−0.70 on 25 Mar
Day's range, % · ₹
1.9%≈ 5.1 high to low
Volume on the day
0.52×the 20-session average
Futures OI on the day
▲ +0.8%+470 lots · long build-up · price +0.8%
Futures OI open, lots
56,00025 Mar · 30 Mar expiry
Futures premium, ₹
+0.35+0.1% to spot
Puts per call, by OI
0.46from 0.43 the session before
Max pain
272from 271 the session before

Source NSE UDiFF bhavcopy · ONGC on the desk →

Thread · ONGCAll ONGC bulletins →

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