Award30 Jul 2026, 10:54 am
Jindal Drilling Bags 3-Year ONGC Contract for Rig Jindal Pioneer
AI Summary
Jindal Drilling & Industries Ltd has received a Notification of Award from Oil & Natural Gas Corporation Ltd (ONGC) for the deployment of its rig, Jindal Pioneer. The contract is for a period of 3 years, commencing in Q3 FY27, with an Effective Day Rate (EDR) of ₹45,83,215.16, equivalent to USD 47,893.99. The rig is currently undergoing refurbishment. This award signifies a significant business win for the company from a major domestic energy producer.
Key Highlights
- ONGC awards 3-year contract for rig Jindal Pioneer.
- Effective Day Rate set at ₹45,83,215.16 (USD 47,893.99).
- Contract expected to commence in Q3 FY27.
- Rig Jindal Pioneer is currently undergoing refurbishment.
- Award is from a domestic entity, ONGC.
Price Impact
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