Jindal Drilling - New Order
Jindal Drilling & Industries Ltd (JDIL), D.P. Jindal Group Company, is engaged in the Business of Offshore Oil & Gas Drilling Activities. JDIL is also present in the Horizontal and Directional Drilling Business Activity and is now increasing its presence in this emerging segment of oil & gas.
Recently, the Company has been awarded contract worth INR 130 crores for 3 years on firm basis for Charter Hire of Directional Drilling Equipments and services by ONGC Ltd. These equipments are likely to be operational by middle of January 2008.
With this total order book stands at INR 2630 crores & the financial impact of this contract would start accruing from the fourth quarter of current years itself.
