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Jindal Drilling acquires jack-up rig ‘Jindal Pioneer’

05 Mar 2025 Evaluate

Jindal Drilling & Industries has acquired jack-up rig ‘Jindal Pioneer’ from Discovery Drilling, Singapore, (a joint venture of the company), at a consideration of $75 million. The said acquisition is funded by internal accruals and it shall improve operational synergies, increase scale of operations and profitability of the company. The rig is currently on a bareboat charter.

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


Jindal Drilling&Inds Share Price

534.45 3.45 (0.65%)
05-May-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 289.80
Oil India 476.15
Jindal Drilling&Inds 534.45
Deep Industries 479.00
Asian Energy Service 317.85
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