Jindal Drilling Secures Order from ONGC.

Jindal Drilling And Industries Limited has been awarded a significant contract by Oil & Natural Gas Corporation Limited (ONGC) for the deployment of its rig, Jindal Explorer. The Notification of Award outlines a subsequent contract spanning a period of three years at an Effective Day Rate (EDR) of USD 35,138.71.

This new contract ensures continued utilization of the Rig Jindal Explorer by ONGC. The current contract for the rig is anticipated to conclude in the first quarter of the financial year 2026 (Q1 FY26), with the newly awarded three-year contract expected to commence in the third quarter of the same fiscal year (Q3 FY26).

This multi-year agreement underscores the ongoing partnership between ONGC and Jindal Drilling, highlighting the latter's capabilities in providing essential drilling services to the national oil and gas major. The contract is poised to provide a steady revenue stream for Jindal Drilling over the next three years, further solidifying its position in the oilfield services sector.