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Jindal Drilling & Industries Ltd.

BSE: 511034 Sector: Oil & Gas
NSE: JINDRILL ISIN Code: INE742C01031
BSE 10:32 | 03 Apr 45.50 1.50
(3.41%)
OPEN

45.05

HIGH

45.50

LOW

45.05

NSE 10:29 | 03 Apr 44.10 0.30
(0.68%)
OPEN

45.20

HIGH

45.50

LOW

43.85

OPEN 45.05
PREVIOUS CLOSE 44.00
VOLUME 70
52-Week high 127.55
52-Week low 41.00
P/E 6.89
Mkt Cap.(Rs cr) 132
Buy Price 44.05
Buy Qty 22.00
Sell Price 44.85
Sell Qty 22.00
OPEN 45.05
CLOSE 44.00
VOLUME 70
52-Week high 127.55
52-Week low 41.00
P/E 6.89
Mkt Cap.(Rs cr) 132
Buy Price 44.05
Buy Qty 22.00
Sell Price 44.85
Sell Qty 22.00

Jindal Drilling & Industries Ltd. (JINDRILL) - Chairman Speech

Company chairman speech

Dear Shareholders

"Faith is the bird that feels the light when the dawn is still dark" Quote byRabindranath Tagore.

Upstream Oil sector continues to experience uncertainties and dif culties. However inthe current year our hopes are buoyant and the scenario for the sector shows promisingtrends.

This year JDIL has won ONGC contracts for three rigs. Rig ‘Discovery-I’commenced operation under ONGC Contract in July '19. Two more rigs 'Virtue - I' and'Jindal Star' have been awarded contracts for three years. These rigs will commenceoperations post monsoon 2019.

Rig 'Jindal Pioneer' has been given on a three year bare boat charter to SAIPEM Mexicothus making an international imprint for D P Jindal Group. We are expecting a decent xturefor Jindal Supreme soon. So by the end of this year the entire eet would be toiling toearn revenue for the company.

Jindal Drilling continues to review the value chain in every step of the operationprocess while not compromising on safety standards required by international and nationalindustry norms.

JDIL is actively looking out to expand business internationally and explore new jack uprig and Directional Drilling contracts outside India in the coming year.

With respect to Directional Drilling the market shows an optimistic outlook. The mudlogging business continues to operate in full swing with 5 years long term contract for 22units from ONGC.

Continuous support and rm belief of all our employees has helped JDIL sail through therough patch.

I express my sincere gratitude to all the Board Members and assure our valued shareholders that we shall remain aggressively pro table and maintain our position as afavoured drilling contractor.

Thanking you

D. P. JINDAL