Aban Offshore has received a letter of award from its subsidiary in Vietnam for its Rs 380 crore project towards deployment of jack-up rig deep driller.
“....a letter of award has been received for the deployment of the jack-up rig Deep Driller 5 (owned by company’s step down subsidiary) Offshore Vietnam for a period of one year and an optional period of one year,” Aban Offshore said in a BSE filing.
“The estimated revenue during the firm period is $61.3 million (approximately Rs 380 crore)”, it said. The contract is expected to commence during April 2014, it added.
Shares of the company were trading at Rs 432.15 a piece, up by 1.91 per cent over previous close in afternoon BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.