India's Jindal Drilling hits nearly 16-year high on ONGC contract

Jindal Drilling and Industries

06/12/2023 04:50

** Shares of Jindal Drilling & Industries  JNDR.NS  rise as
much as 4.5% to highest since Jan 2008; last up 3.1%
    ** JNDR says it got three yrs contract from Oil And Natural
Gas Corp  ONGC.NS  for deployment rig at effective day rate of
$86,327
    ** About 96,000 shares change hands vs 30-day average of
144,890 shares
    ** JNDR shares have nearly tripled YTD vs 8.2% gains in BSE
Oil & Gas index  .BSEOIL  


 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))