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Aban Offshore’ arm incorporates new subsidiary company

30 Nov 2017 Evaluate

Aban Offshore’s stepdown subsidiary-- Aban Singapore has incorporated a new subsidiary Aban Hydrocarbons, with paid up capital of $100. The new subsidiary company is incorporated to facilitate the group to participate in more tenders.

Aban Offshore is engaged in the business of providing offshore drilling and production services. The Company's operating segments include offshore oil drilling and production services, and wind power generation (Wind energy). It is also engaged in the ownership and operation of wind turbines for generation of wind power in India.

Peers
Company Name CMP
ONGC 235.90
Oil India 467.10
Jindal Drilling&Inds 588.80
Deep Industries 762.85
Asian Energy Service 489.30
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