Jindal Drilling & Industries zooms 15 per cent on winning contract

Shares of Jindal Drilling & Industries jumped over 15 per cent intraday on Tuesday as the company announced on the bourses on bagging an order from ONGC.

Jindal Drilling & Industries has been awarded contract from Oil and Natural Gas Corporation (ONGC) for charter hire of Offshore Drilling Rig for contract period of 3 years.

Jindal Drilling & Industries is one of the leading drilling contractor in India providing service to national and international E&P companies.

The shares of Jindal Drilling & Industries on Tuesday opened at Rs. 76.20 as against Friday’s close of Rs 72.05 per share on the BSE. At 12:09 hours the stock was trading at Rs 82.10, gaining 13.95 per cent. The stock hit an intraday high of Rs. 84.80 and intraday low was Rs. 76.20. Its 52-week high was Rs. 139.30 and 52-week low was Rs. 60 per share on the BSE.