Jindal Drilling & Industries Share Price

Promoted by the Jindal group (B C Jindal) as Jindal Leasing in 1983, Jindal Drilling & Industries got its present name in 1989. The company undertakes drilling operations for ONGC on leased jack-up drilling rigs, as also mud-logging operations. It re-threads casing pipe on a job-work basis for ONGC and OIL and trades in steel pipes; it also heat-treats, cold processes, threads and finishes seamless pipes. The company came out with a rights issue in Jan.'94 to part-finance finishing facilities for seamless pipes, which are used by its sister concern Maharashtra Seamless -- and a small part by ONGC and OIL. Seamless pipes find applications in the oil sector, the automobile, fertiliser, chemical and process industries and in the manufacture of bearings. The installed capacity of Threading,end finishing & upsetting of Seamless Pipes was 75000 MT till March 2002. The company is planning to change its Registered ofice from Delhi to Maharashtra and the same is subject to approval.