Bharat Heavy Electricals Limited (BHEL) has won a Rs 506 crore contract from Oil and Natural Gas Corporation Limited (ONGC) for refurbishing and upgrading 12 onshore drilling rigs and supply of new rig equipment.
The rigs were procured by ONGC in the 1970's and 1980's. Of these, nine were supplied by BHEL, while the rest were supplied by American companies.
SOurce:
http://sify.com/finance/fullstory.php?id=14703408
Thursday, June 26, 2008
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