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Jindal Drilling acquires offshore jack-up rig Jindal Supreme for $16.75 mn; Stock jumps 2.5%

The rig acquired from Venus Drilling is currently operating under contract with ONGC.

November 18, 2021 9:21 IST | India Infoline News Service
Bull run Faster
Jindal Drilling and Industries Limited has acquired an offshore jack-up rig 'Jindal Supreme' from Venus Drilling Pte. Ltd. for $16.75 million. The rig is currently operating under contract with the Oil and Natural Gas Corporation (ONGC).

“Consequent upon receipt of requisite approval from the seller, the company has acquired an Offshore Jack-up Rig ‘Jindal Supreme’ from VenusDrilling Pte. Ltd. for USD 16.75 million. The. above said Rig is currently operating under contract with ONGC,” the company said in a filing on Wednesday.
At around 9.25 am, Jindal Drilling & Industries Ltd was trading at Rs138.60 per piece up by Rs3.45 or 2.55% from its previous closing of Rs135.15 per piece on the BSE.
The scrip opened at Rs141.70 and has touched a high and low of Rs141.70 and Rs137.70 respectively.

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