Oil India to hire onshore and offshore rigs: Report

Oil India is reportedly looking to hire two onshore and one offshore rig. The company is planning to hire these rigs for KG onshore, Cauvery offshore blocks.

The company has reported a rise of 71.88% in its net profit at Rs 764.55 crore in Q4FY13 as compared to net profit of Rs 444.81 crore in the same quarter previous year. Total income from operation of the company has increased by 37.16% to Rs 2471.75 crore as compared to Rs 1802.12 crore in corresponding quarter last year.