MEIL hands over second oil rig to ONGC:


Infrastructure company MEIL said it has delivered the second oil rig to ONGC, and another 21 rigs will be supplied to the state-owned firm by 2022.

The delivery is a part of the Rs 6,000 crore order Megha Engineering and Infrastructures Ltd (MEIL) had won from ONGC for the supply of 47 rigs. MIEL is the first private company in India to manufacture oil and gas extraction rigs with indigenous technology, a company statement said.

Oil and Natural Gas Corporation was quoting at Rs 116.05, up Rs 0.60, or 0.52 percent on the BSE.

News Source:- MoneyControl

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