July 31, 2026: Jindal Drilling And Industries Limited, a prominent player in the Indian drilling services sector, has announced a substantial contract win from Oil & Natural Gas Corporation Limited (ONGC), a major Indian government-owned energy company.
The Notification of Award, disclosed in a regulatory filing with the National Stock Exchange of India (NSE), outlines the deployment of the rig Jindal Pioneer for a term spanning three years
The contract stipulates an Effective Day Rate (EDR) of ₹45,83,215.16, which is approximately USD 47,893.99. This contract signifies a notable development for Jindal Drilling, as it aligns with the company’s strategy to enhance its operations and expand its footprint within the domestic oil and gas sector.
(Source: Business Upturn)
To download the latest issue 'Volume 33 Issue 8 - July 25, 2026', click here |
