-1.75 (-0.72%) MEIL has delivered the second oil rig to Oil and Natural Gas Corporation (ONGC), and another 21 rigs will be supplied to the state-owned firm by 2022. The delivery is a part of the Rs 6,000 crore order Megha Engineering and Infrastructures (MEIL) had won from ONGC for the supply of 47 rigs.
ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.