Jindal Drilling & Industries Ltd approves acquisition of Jack-up rig Jindal Supreme

The Board of Directors of Jindal Drilling & Industries Ltd has considered and approved the proposal of the acquisition of Offshore Jack-up Rig 'Jindal Supreme' from Venus Drilling Pte. Ltd. for USD 16.75 million, subject to the necessary approvals, if any.

The above said Rig is currently operating under contract with Oil and Natural Gas Corporation Ltd. (ONGC).

Shares of Jindal Drilling & Industries Ltd., was last trading in BSE at Rs. 130.25 as compared to the previous close of Rs. 129.75. The total number of shares traded during the day was 7486 in over 359 trades.

The stock hit an intraday high of Rs. 134.9 and intraday low of 127.5. The net turnover during the day was Rs. 978535.

Source : Equity Bulls

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