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Aban Offshore edges up with arm on receiving LoA

12 Jul 2018 Evaluate

Aban Offshore is currently trading at Rs. 115.80, up by 2.50 points or 2.21% from its previous closing of Rs. 113.30 on the BSE.

The scrip opened at Rs. 113.50 and has touched a high and low of Rs. 117.85 and Rs. 112.10 respectively. So far 175708 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 280.40 on 11-Jan-2018 and a 52 week low of Rs. 107.60 on 03-Jul-2018.

Last one week high and low of the scrip stood at Rs. 117.85 and Rs. 108.50 respectively. The current market cap of the company is Rs. 680.54 crore.

The promoters holding in the company stood at 46.00%, while Institutions and Non-Institutions held 4.90% and 49.11% respectively.

Aban Offshore’s wholly owned step-down subsidiary has received a Letter of Award (LoA). The LoA is for the deployment of three jack-up rigs owned by step-down subsidiaries of the company, in the United Arab Emirates. While two of the above said jack-up rig deployments are for a firm period of four years each, the deployment of the third jack-up rig is for a firm period of three years and an optional period of two years.

Two of the jack-up rigs are expected to commence deployment during the last quarter of calendar year 2018 and the third jack-up rig is expected to commence deployment during the first quarter of calendar year 2019.

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.

Aban Offshore Share Price

20.07 0.00 (0.00%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
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