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New Contracts

Jindal Drilling secure Rs635 cr order from ONGC

11/20/2009 02:30:00 PM

Mumbai, Nov (EPC News): Jindal Drilling & Industries Ltd has informed BSE that the company has been awarded a firm order for charter hire of drilling unit 'Noble Ed-holt' from ONGC Ltd. for a period of five years. The total value of the contract is Rs635 crore. This rig is likely to get deployed in the month of December 2009.

With this, the total number of operational rigs will remain five and directional drilling equipment is twenty two and thus the total order book as on date, stands at Rs2,850 crore, which will be reflected in the financial performance of the Company in the coming years.

EPC News Bureau