Deals6 Nov 2026, 02:25 pm
Jindal Drilling Bags 3-Year ONGC Rig Contract Worth ₹51.99 Lakhs Daily
AI Summary
Jindal Drilling & Industries Ltd has received a Notification of Award from Oil & Natural Gas Corporation Limited (ONGC) for the deployment of its rig 'Discovery-I'. The contract is for a period of three years, with an Effective Day Rate (EDR) of ₹51,99,293.21, equivalent to USD 54,633.36. This award signifies a significant business win for the company, securing a long-term engagement with a major domestic energy producer. The contract is with a domestic entity and does not involve any promoter group interest or related party transactions.
Key Highlights
- Secured a 3-year contract from ONGC for Rig Discovery-I.
- Effective Day Rate (EDR) set at ₹51,99,293.21 (USD 54,633.36).
- Contract awarded by a domestic entity.
- No promoter or related party interest involved.
Price Impact
More from JINDRILL