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Jindal Drilling gets Notification of Award from ONGC

30 Jul 2026 Evaluate

Jindal Drilling & Industries has received Notification of Award from Oil & Natural Gas Corporation (ONGC) for deployment of rig Jindal Pioneer for a period of 3 years at Effective Day Rate (EDR) of Rs 45.83 lakh equivalent to $47,893.99. Rig Jindal Pioneer is currently under refurbishment and contract is expected to commence in Q3 FY27. 

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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