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Order winNotableFiled on BSE ·

Jindal Drilling receives ONGC award for rig Discovery-I, 3 years, EDR Rs. 51,99,293.21

Jindal Drilling & Industries · Oil

Arthneeti Research DeskPublished 1 min read

Key highlights

  • ONGC issued Notification of Award to Jindal Drilling for deployment of rig Discovery-I for 3 years
  • Effective Day Rate (EDR) is Rs. 51,99,293.21 equivalent to USD 54,633.36
  • Award is from a domestic entity, not a related party, with a time period of 3 years

Why it's rated notable: The award is binding for 3 years at a stated day rate of Rs. 51,99,293.21 with no stated total value, so the level rests on the day rate against annual revenue of ₹1,018 crore and on the ₹500 crore floor that a full-utilisation 3-year value would reach.

Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.

Original filing

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.