{"id":515049,"date":"2022-08-18T10:31:57","date_gmt":"2022-08-18T05:01:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=515049"},"modified":"2022-08-18T10:31:57","modified_gmt":"2022-08-18T05:01:57","slug":"drillmec-india-bags-oil-rig-orders-worth-1-5-billion-from-oil-india-ongc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/drillmec-india-bags-oil-rig-orders-worth-1-5-billion-from-oil-india-ongc\/","title":{"rendered":"Drillmec India bags oil rig orders worth $1.5 billion from Oil India &amp; ONGC"},"content":{"rendered":"<p>Drillmec India, part of the $4 billion Hyderabad based Megha Engineering &amp; Infrastructures Limited (MEIL) group, has achieved an oil rig order book of $1.5 billion with new rig orders from Oil India and ONGC NSE -2.51 %, the company said today.<\/p>\n<p>The US$ 1.57 Billion order book was achieved on the basis of orders from Oil India Ltd NSE 0.58 % amounting to $ 143 million for five land based oil drilling rigs at a per unit price of $28 million per rig. MEIL already has a $860 million order from ONGC in addition to orders for ancillary equipment, spares and components. At current revenue pipeline, Drillmec is likely to cross annual revenues of US$216 million in India while global revenues could clock $500 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Drillmec India, part of the $4 billion Hyderabad based Megha Engineering &amp; Infrastructures Limited (MEIL) group, has achieved an oil rig order book of $1.5 billion with new rig orders from Oil India and ONGC NSE -2.51 %, the company said today. The US$ 1.57 Billion order book was achieved on the basis of orders from Oil India Ltd NSE 0.58 % amounting to $ 143 million for five land based oil drilling rigs at a per unit price of $28 million per rig. MEIL already has a $860 million order from ONGC in addition to orders for ancillary equipment, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-515049","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/515049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=515049"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/515049\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=515049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=515049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=515049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}