Oil and Natural Gas Corporation (ONGC) is scouting for public sector shipyards to build four Platform Supply Vessels (PSVs) as part of a government-mandated initiative to boost India’s domestic shipbuilding industry.

PSVs are essential for supporting offshore oil and gas exploration operations by transporting supplies, equipment, and personnel. ONGC has initiated discussions with Cochin Shipyard  Hindustan Shipyard, Mazagon Dock Shipbuilders, and Garden Reach Shipbuilders and Engineers, with a tender expected soon. This move is part of a broader strategy where state-run oil companies will require 112 ships—including 30 Medium Range oil tankers, 24 Very Large Gas Carriers, and several offshore vessels—over the next 10-15 years.

The joint working group overseeing the initiative is assisting in drafting procurement and tender documents. ONGC and Indian Oil Corporation (IOCL) are expected to spearhead this domestic shipbuilding drive.