Jindal Drilling and Industries Ltd. Stock Analysis JINDRILL.NS

Jindal Drilling & Industries Ltd. engages in the provision of services to entities involved in exploration of oil and gas. The company is headquartered in Gurgaon, Haryana and currently employs 649 full-time employees. The firm is engaged in providing services to entities involved in the exploration of oil and gas. The firm operates through the drilling and related services segment. The firm offers various services, such as offshore drilling, directional/horizontal drilling, measurement while drilling (MWD) services and mud logging services. The company offers various types of offshore rigs, such as drilling barges, jack-up rigs, submersible rigs, semi-submersible rigs and drill ships. The company provides the retrievable MWD tool, which can be retrieved using a wireline, without having to pull out the complete string, thus saving considerable rig time. The MWD is a technology used to determine the position of a well by measuring real-time parameters, such as direction, inclination and tool face. The company operates approximately six Jack-up Rigs, namely Jindal Explorer, Jindal Pioneer, Discovery I, Jindal Star, Virtue I, and Jindal Supreme.