Jindal Drilling & Industries expects to clock a 40% growth in consolidated income to Rs 600 crore in FY17 from its drilling and rigs businesses. The company had a consolidated income of Rs 430 crore in FY16. The company expects margins to increase from 52% in FY16 and margins in rigs business may vary by 10% on account of repairs.
Jindal Drilling & Industries is engaged in drilling and related services. The company provides a range of services to companies involved in the exploration of oil and gas.
