Jindal Drilling Share Price Surges Over 4%; Receives 3-Year Rig Deployment Award from ONGC

Jindal Drilling & Industries Ltd. has received a Notification of Award from Oil & Natural Gas Corporation Ltd. (ONGC) for the deployment of its Jindal Pioneer offshore drilling rig, as per the exchange filings.
The contract has been awarded for a three-year period at an effective day rate of ₹45,83,215.16, equivalent to $47,893.99.
Three-Year Deployment Contract Awarded
Under the contract, ONGC will deploy the Jindal Pioneer rig for three years. The award has been issued by ONGC, a domestic entity, under the terms disclosed by the company.
Rig Under Refurbishment Ahead of Deployment
Jindal Drilling said the Jindal Pioneer rig is currently undergoing refurbishment, with the contract expected to commence in the third quarter of FY27.
The company stated that the contract has been awarded by a domestic entity and confirmed that neither the promoter nor promoter group has any interest in ONGC. It also clarified that the contract does not qualify as a related-party transaction.
Read More: Coforge Share Price in Focus; Launches Momentuum AI to Accelerate Enterprises AI Transformation!
Jindal Drilling Share Price Performance
As of July 30, 2026, at 3:30 PM, Jindal Drilling share price closed at ₹601.25 per share, reflecting a surge of 4.01% from the previous trading session.
Conclusion
Jindal Drilling has received a three-year rig deployment contract from ONGC for its Jindal Pioneer rig at an effective day rate of ₹45.83 lakh ($47,893.99). The contract is expected to commence in Q3 FY27 following the completion of the rig's refurbishment.
Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 30, 2026, 5:05 PM IST

Team Angel One
- Hexaware Technologies Share Price Up Nearly 5%; Targets $3 Billion Revenue by 2029
- Power Grid Share Price in Focus; Declared as Successful Bidder under TBCB
- Citigroup, Axis bank Partner on India’s Leveraged Dollar Deposit Boom
- Tata Power Share Price in Focus; Renewable Arm Commissions 190.5 MW Rajasthan Project
- BLS International Share Price Down Over 10%; Expects ₹2,500 Crore Revenue from Aadhaar Project Over 5 Years


