Jindal Awarded Firm Order for Charter Hire of Noble Ed Holt

Jindal Drilling & Industries has been awarded a firm order for charter hire of the Noble Ed Holt jackup drilling rig from ONGC Ltd. for a period of five years. The total value of the contract is approximately INR 635 Crore. This rig is likely to get deployed in the month of December 2009.

With this, the total number of operational rigs will remain five and directional drilling equipment is twenty two and thus the total order book as on date, stands at INR 2850 crore approx., which will be reflected in the financial performance of the Company in the coming years.