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Jindal Drilling & Industries secures contract from ONGC

08 May 2025 Evaluate

Jindal Drilling & Industries has received Notification of Award from Oil & Natural Gas Corporation (ONGC) for deployment of rig Jindal Explorer for a period of 3 years at Effective Day Rate (EDR) of $35,138.71.

The current contract of Rig Jindal Explorer with ONGC is expected to conclude in Q1FY26 and subsequent contract is expected to commence in Q3FY26.

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 232.75
Oil India 477.00
Jindal Drilling&Inds 582.80
Deep Industries 734.55
Aban Offshore 14.20
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