Jindal Drilling & Industries has settled an arbitration award at $9.10 million with complete waiver of all costs, legal and other expenses, compared to the original award of $31.77 million by way of damages passed against the company, along with interest and other expenses. The company has made the payment to settle the arbitration. In December 2016, an arbitration award for $31.77 million relating to the Noble Edholt jack-up rig was passed against the company.
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