MEIL hands over second oil rig to ONGC; to supply 21 more by 2022

Infrastructure company MEIL on Thursday said it has delivered the second oil rig to ONGC, and another 21 rigs will be supplied to the state-owned firm by 2022. The delivery is a part of the Rs 6,000 crore order Megha Engineering and Infrastructures Ltd (MEIL) had won from ONGC NSE 0.22 % for the supply of 47 rigs. MIEL is the first private company in India to manufacture oil and gas extraction rigs with indigenous technology, a company statement said.