What was filed
Garden Reach Shipbuilders & Engineers (GRSE) told the exchanges it received a Notification of Award (NOA) on 30 July 2026 from Oil and Natural Gas Corporation Limited (ONGC) for the construction of four platform supply vessels (PSVs). The disclosure was made under Regulation 30 of SEBI's LODR framework. Per the filing, the order covers construction and delivery of the vessels, to be completed within 48 months from the date of the NOA.
The customer and the terms
The awarding entity is ONGC, described in the filing as a domestic entity, and the contract is a domestic one. GRSE stated that none of its promoter, promoter group or group companies has any interest in ONGC, and that the order does not fall within related party transactions. The stated order size is inclusive of GST.
Why it matters to a holder
For a shipbuilder whose revenue is driven by its order book, a new construction contract from a large public-sector customer adds to the pipeline of work to be executed over the coming years. The filing frames the engagement as a multi-year build-and-deliver mandate, with the 48-month execution period setting the horizon over which the work would be carried out.