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Disappointing results from Hitech Drilling

Jan 28, 2000

Hiā€“Tech Drilling has reported disappoiting results with a 43.6% reduction in the topline accompanied by a 75% decline in the bottomline. The company had only two drilling rigs in operations as against three in the last quarter. Even of the two rigs the contract for one expired on October 22nd, 1999. This is expected to restart in January.

Hitech registers a miniscule jump in net profit in 2QFY2000

Nov 1, 1999

Hitech Drilling has registered a small jump of 3% in its net profit to Rs 100 m in second quarter ended September 30, 1999. Turnover however, declined by 15% to Rs 352 m during the same period.

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