CafeStocks Search Engine - Enter any stock market related word to search

Custom Search

Sunday, November 2, 2008

Jindal Drilling gets 3 year firm order for charter hire of drilling unit

Jindal Drilling & Industries, a part of Rs 3000 crore D P Jindal Group, is engaged in offshore oil & gas drilling services in India. Recently JDIL has been awarded a firm order for charter hire of drilling unit 'Noble George Mcleod' from ONGC. For a period of three years. The total value of the contract is approximately Rs 85 crore. This rig is likely to get deployed in the month of December 2008.

With this, the total number of rig fleet will be five and directional drilling equipment is twenty two and thus the total order book as on date stands at Rs 3700 crore approximately Which will substantially improve the financial erformance of the company in the comingyears.

The company made this announcement during the trading hours today, 03 November 2008.

BSE tips

Stumble Upon Toolbar

No comments: