Key Quantitative Figures

  • Contract duration: 3 years
  • Effective Day Rate (EDR): ₹45,83,215.16 (equivalent to USD 47,893.99)
  • Currency: Indian Rupees and US Dollar equivalent provided

Dates and Timeline

  • Notification date: 30 July 2026 (as per letterhead)
  • Contract expected commencement: Q3 FY27 (October-December 2026)

Parties Involved

  • Awarding entity: Oil & Natural Gas Corporation Ltd. (ONGC)
  • Recipient entity: Jindal Drilling And Industries Limited
  • Rig involved: Jindal Pioneer

Current Status and Conditions

  • Rig Jindal Pioneer is currently under refurbishment
  • Domestic contract awarded by domestic entity
  • Not a related party transaction
  • Promoter/promoter group/group companies have no interest in ONGC

Additional Details from Annexure

  • Domestic entity awarded the contract
  • Time period for execution: 3 years
  • Broad consideration: Effective Day Rate (EDR) of Rs. 45,83,215.16 equivalent to USD 47,893.99 for 3-year period
  • No related party transaction aspects involved

#Tags: #JindalDrilling #ONGC #Reg30 #ContractAward #Positive