Jindal Drilling secures three-year contract with ONGC
after close1 source ↓written by the desknot a recommendation
Jindal Drilling & Industries Limited has secured a three-year contract with Oil and Natural Gas Corporation Limited (ONGC), ensuring a steady revenue stream. The contract includes an Effective Day Rate of USD 35,138.71 for its rig, 'Jindal Explorer'. This agreement strengthens Jindal's operational stability and market position.
Immediate market implications may include increased investor confidence and potential upward price movement for Jindal Drilling shares.
Not investment advice. For informational purposes only.