Awarded oil drilling services contract by Oil India Limited worth approximately Rs.255.52 Crores
The Company has been awarded a new contract for oil drilling services by Oil India Limited, aggregating to approximately Rs.255.52 Crores.
- New Contract Value
- approximately Rs.255.52 Crores
- Client / Awarding Entity
- Oil India Limited
- Contract Scope
- new contract for oil drilling services
- Orders Received in Current Financial Year So Far
- approximately Rs.920 Crores
What the company informed the exchanges
The Company stated that it has been awarded a new contract for oil drilling services by Oil India Limited, aggregating to approximately Rs.255.52 Crores.
In addition, the Company stated that it had received, during the current financial year so far, several orders across various sectors and locations from both public and private sectors, aggregating approximately Rs.920 Crores.
The numbers at a glance
- New contract for oil drilling services from Oil India Limited: approximately Rs.255.52 Crores
- Orders received during the current financial year so far, across various sectors and locations, from both public and private sectors: approximately Rs.920 Crores
What the company said about the orders
The Company said the receipt of the above orders in the ordinary course of business during the year has further strengthened the Company's order book and will help pave the way for future business growth.
How a reader can look at it
The announcement covers a fresh contract in the oil drilling services segment, awarded by Oil India Limited, a public sector oil company. Separately, it covers orders the Company had received so far during the current financial year across different sectors and locations, from both public and private sector clients.
The two figures describe different things: Rs.255.52 Crores is the value of the new contract from Oil India Limited, while Rs.920 Crores is the aggregate value of the several orders received during the current financial year so far. The Company's stated position is that these orders add to its order book and support future business growth.
More numbers
- New contract for oil drilling services awarded by Oil India LimitedRs.255.52 Crores
- Orders received during the current financial year so far from public and private sectorsRs. 920 Crores
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