Jindal Drilling & Industries surges on securing contract from ONGC
Jindal Drilling & Industries is currently trading at Rs 632.90, up by 7.50 points or 1.20% from its previous closing of Rs 625.40 on the BSE.
The scrip opened at Rs 634.00 and has touched a high and low of Rs 648.00 and Rs 629.35 respectively. So far 18340 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 5 has touched a 52-week high of Rs 990.50 on 06-Feb-2025 and a 52-week low of Rs 519.90 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs 673.85 and Rs 603.00 respectively. The current market cap of the company is Rs 1833.34 crore.
The promoters holding in the company stood at 64.25%, while Institutions and Non-Institutions held 3.00% and 32.75% respectively.
Jindal Drilling & Industries has received Notification of Award from Oil & Natural Gas Corporation (ONGC) for deployment of rig Jindal Explorer for a period of 3 years at Effective Day Rate (EDR) of $35,138.71.
The current contract of Rig Jindal Explorer with ONGC is expected to conclude in Q1FY26 and subsequent contract is expected to commence in Q3FY26.
Jindal Drilling & Industries is one of the leading drilling contractor in India providing service to national and international E&P companies.
