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Jindal Drilling acquires jack-up rig "Jindal Pioneer"

March 5, 2025 at 07:06 PM UTCBy FilingReader AI

Jindal Drilling & Industries has disclosed the purchase of the jack-up rig “Jindal Pioneer” from Discovery Drilling Pte. Ltd., Singapore, a joint venture, for USD 75 million. The announcement, made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, indicates the acquisition is funded by internal accruals and is expected to enhance operational synergies and profitability. The rig is currently operating on a bareboat charter.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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