Jindal Drilling Begins Operations with ONGC for Rig Jindal Explorer
Filing Summary
Jindal Drilling & Industries Ltd has commenced operations of its rig, Jindal Explorer, under a charter hire agreement with Oil and Natural Gas Corporation Limited (ONGC). The operation began on November 16, 2025, and is set for a duration of three years. The effective day rate for the rig is USD 35,139. This development is in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The company has requested the stock exchanges to take note of this update.
Jindal Drilling & Industries Ltd has announced the commencement of operations for its rig, Jindal Explorer. The rig has been taken on charter hire by the company and has started operations with Oil and Natural Gas Corporation Limited (ONGC). The operations began on November 16, 2025.
The charter hire agreement with ONGC is for a period of three years. The Effective Day Rate (EDR) for the rig is set at USD 35,139. This information has been disclosed in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The company has formally communicated this update to the stock exchanges, requesting them to take the information on record.
Oil and Natural Gas Corporation Limited (ONGC) is a major player in the oil and gas sector, focusing on exploration and production. The collaboration with Jindal Drilling is part of its ongoing efforts to enhance operational capabilities in offshore drilling.
Jindal Drilling & Industries Ltd is engaged in providing offshore drilling services. The company focuses on expanding its fleet and enhancing its service offerings in the oil and gas sector. Its strategic initiatives include forming alliances with key industry players to strengthen its market position.