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Jindal's fantastic turnaround.

(Apr 29, 2000)

Jindal Drilling and Industries Ltd. is engaged in the business of seamless casting pipes with particular regard to threading and end finishing. It has a capacity of 25,000 tonnes per annum of seamless casting pipes. In 1989 the company diversified into the field of oil well drilling by acquiring jackup drilling rigs on lease .

Jindal Drilling posts 24% rise in topline

(Feb 1, 2000)

Jindal Drilling has posted a 24% rise in sales during the quarter ended 31st December 1999. The company has suffered an erosion in net margins mainly due to a decline in other income and a sharp rise in tax provisions. Jindal has benefited from a decline in interest and depreciation expenditure.


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