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Duke Offshore secures long-term loan from IDBI Bank

18 Jan 2017 Evaluate

Duke Offshore has secured a long-term loan from IDBI Bank for Rs 9.55 crore. This loan, secured by shares and floating assets will be utilised purely for immediate fleet expansion.

Duke Offshore is headquartered in Mumbai, India and is managed by a dynamic group of oil field and marine professionals. The company’s engineering division has dedicated teams of engineers and support staff who are specialized in hook up and commissioning of offshore oil field platforms, their maintenance, modification and inspection services.

Peers
Company Name CMP
ONGC 235.55
Oil India 474.05
Jindal Drilling&Inds 593.50
Deep Industries 780.90
Asian Energy Service 487.05
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