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Jindal Drilling & Industries gets nod to acquire offshore Jack-up Rig ‘Jindal Supreme’

16 Aug 2021 Evaluate

Jindal Drilling & Industries has received approval from board of directors to acquire offshore Jack-up Rig ‘Jindal Supreme’ from Venus Drilling Pte for $16.75 million, subject to the necessary approvals, if any. The above said Rig is currently operating under contract with Oil and Natural Gas Corporation (ONGC).

Jindal Drilling & Industries is one of the leading drilling contractor in India providing service to national and international E&P companies.

Peers
Company Name CMP
ONGC 232.50
Oil India 492.20
Jindal Drilling&Inds 594.55
Deep Industries 744.65
Aban Offshore 14.26
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