Business Opportunities

Jindal Drilling bags Rs 635 cr ONGC order

Jindal Drilling & Industries today said it has bagged an order worth Rs 635 crore from Oil and Natural Gas Corporation (ONGC) for hiring a drilling unit for five years. - JDIL"s PAT jumps up over two-fold - Jindal Drilling promoters pledge 26.86% stake The company has bagged an order "for charter hire of drilling unit "Noble Ed-holt" from ONGC" for a period of five years, Jindal Drilling & Industries said in a filing to the Bombay stock Exchange (BSE). The rig is expected to get deployed in December 2009, the filing added. Shares of Jindal Drilling & Industries closed at Rs 521.95 on BSE, down 2.32 per cent from previous close.


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