Drilling company dependent on ONGC: Financials are good as of now – 8 Jun 2021

This is a drilling company with 3 premium, 1 standard jack-up rigs and 1 land rig.

As of now, business is almost entirely dependent on ONGC

Three rigs are contracted by ONGC, one land rig is contracted by Oil India Limited and one remaining rig is contracted by Adnoc

But the company has experienced management, and the financials are good as of now