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Jindal Drilling & Industries bags order from ONGC

20 May 2022 Evaluate

Jindal Drilling & Industries has bagged order from Oil and Natural Gas Corporation (ONGC) for deployment of Jack-up Rig ‘Jindal Star’ on charter hire for a period of three years at EDR of $42,750.

The above Jack-up Rig ‘Jindal Star’ is currently operating under an existing contract, awarded by ONGC to the Company and would be de-hired in November 2022. After recertification the same is likely to be deployed in the month of March 2023 under the charter hire contract awarded as above.

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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