Drillmec bags oil rig orders from OIL and ONGC

Drillmec India, a subsidiary of Megha Engineering & Infrastructures Limi­ted (MEIL), has achieved an oil rig order book of $1.5 billion with new rig orders from Oil India Limited (OIL) and ONGC. The order from OIL amounting to $143 million is for five land-based oil drilling rigs at a per unit price of $28 million per rig. MEIL has an $860 million order from ONGC.