Bulletin Updates

ONGC DP drillship: IGST raised to 18% with MCC intact – 6 Oct 2025

Oct 06, 2025

ONGC has lifted the concessional IGST from 12% to 18% mid-cycle and embedded it through a formal corrigendum.

The revised MCC keeps a firm 180-day mobilisation and clarifies duration/notice without easing schedule risk.

Bidders must now price cash-cycle impacts, MPD readiness, and digital obligations without expecting relief on time.

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