MEIL to deliver 23 oil rigs to ONGC by March 2022
Hyderabad: Infrastructure major Megha Engineering & Infrastructures Ltd, which is eyeing a business potential of $2 billion from the manufacture of indigenous oil rigs for the domestic market as well as global markets, plans to deliver 23 oil rigs to public sector oil & gas giant ONCG by March 2022.
The company has bagged a Rs 6,000 crore order from public-sector oil and gas giant ONGC for the supply of 47 oil rigs, which includes 20 workover rigs and 27 land drilling rigs.
These will be delivered to ONGC assets in Assam (Shib Sagar, Jorhat), Andhra Pradesh (Rajahmundry), Gujarat (Ahmedabad, Ankleshwar, Mehsana and Cambay), Tripura (Agartala) and Tamil Nadu (Karaikal).
