ONGC breaks from L-1 norm in Rs.2,400-crore offshore tender: Or does it? – 1 May 2025

In a rare deviation from standard PSU procurement norms, ONGC has awarded long-term contracts at differing rates to multiple bidders

This bypasses the customary requirement for all technically qualified bidders to match the lowest (L-1) rate.

But did E&P major really break the norm?