Jindal Drilling rises 3% after order win

The stock climbed after the company received a contract from ONGC.

Jan 24, 2019 07:01 IST India Infoline News Service

Jindal Drilling & Industries stock rose 3% on the BSE in Thursday’s session. The stock climbed after the company has received contract from ONGC.

The company has been awarded contract from Oil and Natural Gas Corporation Ltd (ONGC) for charter hire of Offshore Drilling Rig for contract period of 3 years, with contract value over $57 mn (~Rs407cr), as per the company's filing.

Jindal Drilling & Industries Ltd is currently trading at Rs113.10 up by Rs3.1 or 2.82% from its previous closing of Rs110 on the BSE.

The scrip opened at Rs108.05 and has touched a high and low of Rs116.90 and Rs108 respectively.

Related Story