ONGC awards contract to Jindal Drilling and Industries

20 May 2022 Evaluate

Oil and Natural Gas Corporation (ONGC) has awarded contract to Jindal Drilling and Industries for deployment of Jack-up Rig ‘Jindal Star’ on charter hire for a period of three years at EDR of $42,750.

The above Jack-up Rig ‘Jindal Star’ is currently operating under an existing contract, awarded by ONGC to Jindal Drilling and Industries 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.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.

ONGC Share Price

240.90 3.60 (1.52%)
23-Dec-2024 16:01 View Price Chart
Peers
Company Name CMP
ONGC 240.90
Oil India 421.20
Jindal Drilling&Inds 744.00
Hind Oil Exploration 192.25
Deep Industries 564.60
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