Project Summary

	Project Summary

Sector Name :	PETROLEUM.
Agency Name :	OIL & NATURAL GAS CORPORATION LIMITED.
Project Name :	CONSTRUCTION OF 12 OFFSHORE SUPPLY VESSELS(OSV).

Reported Date : 04-JUL-19

MOU Status : Not Under MOU for 2016-2017

Monthly Report : 5 / 2019

Cost Overrun (%)- 0

Time Overrun (Months)- 80

Total/Pending/Completed Milestone - 3 / 0 / 3

Cost (Rs. in Crores)

Original

Revised

Now Anticipated

736.65

571.47

Expenditure (Rs. in Crores)

Cum. till Previous Financial Year

Cum. in Current Financial Year till last month

Expenditure in current month

Cum. Expenditure till now

331.47

Date of Commissioning (mm/yyyy)

Original

Revised

Anticipated

9/2011

5/2018

Current Financial Year Budget (Rs. in Crores)

Budget Estimate

Revised Estimate

Ministry Review Date

Latest

Last

Physical Progress (%)

Status

100

Completed

Monthly Status

Background Information

* The contract expired on 31-05-2018 and was not extended. As per clause 18 of contract the contract deemed expired as no extension was given. After deliberation contract was formally terminated. THE CONTRACT STANDS TERMINATED FROM 23-07-2018. All Bank Guarantees with interest and PBG have been enchased. As on date only 7 out 12 OSVSs are delivered. * The matter is Subjudiced in Hon’ High Court of Bombay.

Problems

Problem

Start (mm/yyyy)

End (mm/yyyy)

Status

Attention Required

Remarks

Ongoing Milestone

Completed Milestone