Jindal Inks Drilling Contract from ONGC

Jindal is increasing its presences in the horizontal and directional drilling business with a 3-year firm basis contract for charter hire of directional drilling equipments and services by ONGC Ltd. worth INR 130.

These equipments are likely to be operational by middle of January 2008. With this total order book stands at INR 2630 crores & the financial impact of this contract would start accruing from the fourth quarter of current years itself.