India's Jindal Drilling and Industries jumps on arbitration award settlement

Jindal Drilling and Industries

22/03/2018 04:24

** Jindal Drilling and Industries Ltd  JNDR.NS  jumps as
much as 16.3 pct to 176 rupees, its highest since Feb 14
    ** Co reaches settlement for an arbitration award worth
$31.77 mln for damages passed against co, for $9.1 mln with
complete waiver of all other costs  urn:newsml:reuters.com:*:nFWN1R30EW
    ** Stock posts biggest intraday pct gain since June 16, 2017
    ** More than 540,000 shares traded, over 10 times the 30-day
avg of nearly 51,000
    ** Co provides drilling services to oil and gas explorers

 ((Reuters Messaging:
krishna.vkurup.thomsonreuters.com@reuters.net))