Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
16 August, 2018 16:10 IST
Aban Offshore receives LoA for deployment of 3 jack-up rigs in UAE
Source: IRIS | 12 Jul, 2018, 12.26PM
Comments  |  Post Comment

Aban Offshore announced that its wholly owned step down subsidiary has received a Letter of Award (LoA) for the deployment of three jack-up rigs owned by step-down subsidiaries of the company, in the United Arab Emirates.

While two of the above said jack-up rig deployments are for a firm period of four years each, the deployment of the third jack-up rig is for a firm period of three years and an optional period of two years.

Two of the jack-up rigs are expected to commence deployment during the last quarter of calendar year 2018 and the third jack-up rig is expected to commence deployment during the first quarter of calendar year 2019.

Shares of the company gained Rs 2.15, or 1.9%, to trade at Rs 115.45. The total volume of shares traded was 131,131 at the BSE (12.12 p.m., Thursday).



Aban Offshore Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
NBCC gets order worth Rs 2.50 bn from SAIL - 16-Aug-2018 15:35
NBCC gets order worth Rs 2.50 bn from SAIL - 16-Aug-2018 15:35
MCX inks MoU with Indian Bullion and Jewellers Association - 16-Aug-2018 15:31
Alfa Transformers bags order worth Rs 171.1 mn from Uttar Gujarat Vij Co - 16-Aug-2018 12:25
TVS Motor Co bets big on Philippines with new product launches - 16-Aug-2018 09:54
Sun Pharma gets USFDA approval for Cequa ophthalmic solution - 16-Aug-2018 09:33
TCS named leader in KYC-AML BPO services by Everest Group - 14-Aug-2018 12:04
MCX to commence trading in rubber futures on August 16 - 14-Aug-2018 11:53
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer