B4U India: Jindal Drilling bags 1.3 bln rupee ONGC contract

Jindal Drilling bags 1.3 bln rupee ONGC contract
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reuters india on 05 November, 2007 02:59:00
 
MUMBAI (Reuters) - Off-shore services provider Jindal Drilling & Industries Ltd
said on Monday it had bagged a 1.30 billion rupee contract from Oil and Natural
Gas Corp.
With this three-year contract through which it will provide drilling equipment
and services to ONGC, Jindal Drilling's total order book stands at 26.3 billion
rupees, the company said in a statement.
Last month, Jindal Drilling secured a 6.6 billion rupee contract from ONGC for
its jack-up rig.
Jindal shares were trading 8.1 percent higher at 1,125 rupees in a weak Mumbai
market.