{"id":66630,"date":"2026-01-28T01:49:56","date_gmt":"2026-01-28T04:49:56","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/887131463"},"modified":"2026-01-28T01:49:56","modified_gmt":"2026-01-28T04:49:56","slug":"ongc-shares-in-focus-as-jv-signs-shipbuilding-deal-for-2-ethane-carriers-key-details","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/01\/28\/ongc-shares-in-focus-as-jv-signs-shipbuilding-deal-for-2-ethane-carriers-key-details\/","title":{"rendered":"ONGC shares in focus as JV signs shipbuilding deal for 2 ethane carriers; key details"},"content":{"rendered":"
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Shares of Oil and Natural Gas Corporation (ONGC<\/a>) are likely to be in focus on Wednesday as its joint venture with Japan\u2019s Mitsui O.S.K. Lines (MOL) signed shipbuilding contracts (SBCs) with South Korean giant Samsung Heavy Industries.<\/p>\n

On Tuesday, shares of ONGC rose 1.02% to settle at Rs 248.05 on the BSE.<\/p>\n

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The announcement was made at India Energy Week 2026 in Goa. The deal involves the construction of two state-of-the-art very large ethane carriers (VLECs).<\/p>\n

\u201cThe fast-tracked conclusion of these SBCs reflects strong trilateral cooperation and industrial partnership among India, Japan and South Korea,\u201d the company said in an exchange filing late Tuesday.<\/p>\n

The contracts were signed by the newly formed joint venture entities, Bharat Ethane One IFSC Pvt Ltd. and Bharat Ethane Two IFSC Pvt Ltd, which have been set up in GIFT City, Gujarat. Under the agreement, each JV company will own and operate one VLEC, the filing said.<\/p>\n

ONGC has also inked long-term Time Charter Party agreements with these JV companies. The vessels are slated for delivery in the financial year 2028-29.<\/p>\n

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These vessels will be Indian-flag ships with a cargo capacity of one lakh cubic meters each. Their primary mission will be to transport approximately 600 KTPA of ethane to support OPal, a subsidiary of ONGC.<\/p>\n<\/div>\n

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.<\/i><\/p>\n

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… .S.K. Lines (MOL) signed shipbuilding<\/span> contracts (SBCs) with South Korean … Indian-flag ships with a cargo<\/span> capacity of one lakh cubic …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-66630","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/66630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=66630"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/66630\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=66630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=66630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=66630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}