Jindal Drilling -; Industries bags contract from ONGC for deployment of Jack-up Rig 'Jindal Star'

Jindal Drilling & Industries Ltd has informed that Oil and Natural Gas Corporation Limited (ONGC) has awarded Contract to the Company for deployment of Jack-up Rig “Jindal Star” on charter hire for a period of three years at EDR of USD 42,750.

As per the filing,  the above Jack-up Rig “Jindal Star” is currently operating under an existing contract, awarded by ONGC to the Company and would be de-hired in November 2022.

After recertification the same is likely to be deployed in the month of March 2023 under the charter hire contract awarded as above, said  company in a regulatory filing.

At around 2:25 PM, Jindal Drilling & Industries was trading at Rs199.40 apiece down by Rs1.05 or 0.52% from its previous closing of Rs200.45 apiece  on the BSE.