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Jindal Drilling & Industries informs about disclosure

05 Mar 2025 Evaluate
Jindal Drilling & Industries has informed that the Company has acquired jack-up rig ‘Jindal Pioneer’ from Discovery Drilling Pte., Singapore, (a joint venture of the Company), at a consideration of USD 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.

The above information is a part of company’s filings submitted to BSE.

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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