jindal presentation

JINDAL GROUP JINDAL GROUP ININ

OIL & GAS SECTOROIL & GAS SECTOR

5,000 year old ancient civilization325 languages spoken - 1,652 dialects3.28 million sq. kilometers - Area7,516 kilometers - Coastline 1.3 Billion populationWorlds 4th largest economyWorlds largest DemocracyParliamentary form of GovernmentGDP growth rate is 8% Approx.Largest English speaking nation in worldWorld-class recognition in IT, Bio-tech & Space 3rd largest standing army force in worldWorld’s 2nd largest pool of Scientists and Engineers Over 5600 dailies, 15000 weeklies and 20000 periodicals in 21 languages with combined circulation of over 142 million

INDIA CHANNELIZING DIVERSITY

Vibrant Democracy

Liberalized Economy

World-Class Banking & Financial system

Geo-political stability

Stable Legal and Fiscal Environment

Rapidly Growing Economy. GDP growth rate is 8% Approx.

Level-playing field to encourage private and foreign investment

Developed infrastructure and technological support

Large pool of highly skilled manpower

India with its time tested democratic system promises best investment opportunity to global players

SOCIO – ECONOMIC CLIMATE

Sedimentary Area : 3.14 Million Sq. Km. (>4% of the world’s sedimentary area)

Sedimentary Basins : 26 (Exploration initiated in 15)

Prognosticated Potential (IHIP) : 205 Billion Barrels of O+OEG For 15 Sedimentary Basins only; needs up-gradation

Established in place Hydrocarbons : 60 Billion Barrels of O+OEG As on 01.04.2005

RESOURCE BASE

EXPLORATION STATUS

• Only 19% of the total 3.14 million sq. km. has been extensively explored

• < 30% of total prognosticated resources established

• Reserves estimated only in 15 of the 26 basins

• Low Drilling Density

Unexplored22%

Exploration initiated

37%

Poorly Explored

22%

Moderate/ well

explored19%

Source: Petroleum Exploration & Production Activities, India, 2004-05, DGH

SCOPE – INDIAN OIL & GAS

EXPLORATION BLOCKS AWARDED / IN PROCESS

• 36 Blocks awarded ( Provisional Results ) in NELP – VIII out of total 70 Blocks offered

• Blocks relinquished: 10 in Pre - NELP, 3 in NELP - I & 5 in NELP – II

2341,462,991285,384245,701931,906TOTAL

44170,85742,57021,420106,867NELP - VII8

52352,19156,86622,034273,291NELP - VI7

20109,25929,6098,99070,660NELP - V6

20192,81031,155-161,655NELP - IV5

23204,67122,92335,343146,405NELP - III4

23189,50318,07453,171118,258NELP - II3

24168,34027,56286,00854,770NELP - I2

2875,36056,62518,735-PRE-NELP1

Blocks TotalOnshoreShallow Offshore

Deep Water

No ofArea (in Sq. Km)BID ROUNDS

Sl. No

INDIA-OPPORTUNITIES IN OIL&GAS SECTOR

India imports about three quarters of its crude oil demand.

Booming economy creating ever increasing demand for hydrocarbon.

Most of Indian Hydrocarbon resources are in the offshore.

India’s Focus is shifting for intensification of exploration in Offshore.

Intensive offshore operation is creating additional demand for drilling services.

Besides, existing old fleet need replacement with state-of-the-art

technology.

The increasing demand supply gap of Offshore services - a golden opportunity for existing players.

Indian Liberalized environment provide Freedom of entry and exit.

India's GDP will reach $ 1 trillion by 2011, $ 2 trillion by 2020, $ 3 trillion by 2025, $ 6 trillion by 2032,

$ 10 trillion by 2038, &

$ 27 trillion by 2050. becoming the 3rd largest economy after USA & China.

In terms of GDP, India will overtake Italy by the year 2016,

France by 2019, UK by 2022,

Germany by 2023, &

Japan by 2032.

"Dreaming with BRICs: The path to 2050“. www. Goldmansachs.com/insight/research/reports/99.pdf

INDIA DESTINY IN STORE

JINDAL GROUP IN INDIA

The DP JINDAL GROUPDP JINDAL GROUP, one of India’s most respected, diversified and leading Industrial House with revenues exceeding US$ 750 Million, employing more than 3000 people. (Market Capitalization of US$ 1.5 billion Approx. )

DP JINDAL GROUP STRUCTURE

DP Jindal Group

Manufacturing Oil & Gas

Maharashtra Seamless Ltd.

JindalPipes Ltd.

Jindal Drilling& Industries Ltd.

Marine Oil & Gas Pvt. Ltd..

Hydril Jindal International Pvt. Ltd.

Drilling Services Offshore Vessels & Production Services

Discovery Drilling Pte Ltd Virtue Drilling Pte Ltd

JV Companies

Structure of the group continued ….

JINDAL GROUP IN OIL & GAS SECTOR

Marine Oil & Gas Pvt. LtdBusiness interests in AHTSV, MSV,PSV, LNG Vessels, FPSO, FSO,MOPU etc

Jindal Drilling & Industries LtdDrilling Services (Jack up Rigs, Floaters)Directional Drilling & Measurement While Drilling(SDMM & MWD)

On-line Mud Logging Services

Maharashtra Seamless LtdLeading Manufacturer of Seamless Pipes up to 14” OD and ERW Pipes up to 20" OD

Jindal Pipes Ltd.

API grade ERW, Black and Galvanized Steel Pipes & Tubes up to 14” OD

Manufacturing Services

JV- DDPL, Singapore

JV- VDPL, Singapore

DrillingServices

Offshore Prod. & Support Services

Having a Group Employee Base of over 3000 people.

D.P. JINDAL D.P. JINDAL GROUPGROUP

MANUFACTURING MANUFACTURING -- PIPESPIPESCOMPANY BUSINESS ACTIVITY

Maharashtra Seamless Ltd.(MSL)

Leading company of the group engaged in manufacturing a whole range of high-class, customizable and innovative Seamless Tubings & Casings upto 13.3/8” OD API grades for Hydrocarbon sector India's first and the only company capable of manufacturing ERW Pipes upto 21”OD API grades The Company is also into Power Generation with 7MW wind power project at Satara MaharashtraExporting to more than 50 countries WorldwidePublicly traded in National Stock Exchange & Bombay Stock Exchange in India FCCB listed in Singapore Stock Exchange

Hydril Jindal International Pvt. Ltd

50-50 JV with Hydril Company LP, USA for Upstream Premium Threading ConnectionsThe company’s premium connections are used in harsh drilling environments typical for deep-formation, deepwater & horizontal or extended reach wells, such as :

Extreme pressureHigh temperature Corrosion and mechanical stressEnvironmentally sensitive drilling

MANUFACTURING MANUFACTURING -- PIPESPIPES

COMPANY BUSINESS ACTIVITY

Jindal Pipes Ltd. (JPL)

Jindal Pipes Ltd., incorporated in 1970, is India's one of the best & largest manufacturer of ERW, Black and Galvanized Steel Pipes & Tubes in different thickness from 2.00mm to 10.00 mm having an outer Diameter ranging from 1/2" to 14" NB as per specifications of ISI, API, BIS which confirms to the various international standards

The company has accreditation of API Q1 systems and has been awarded ISO 9001 on quality assurance. In addition to these, products have the approval of international inspection agency, such as Lloys, DNV, BVQI, EIL, PDIL, SGS etc.

Jindal Pipe has been constantly executing need based and demanding orders for Pipes to meet the requirements of sectors like Oil & Gas, Agriculture, Public Health, Housing, Irrigation, Engineering etc.

SNAPSHOTS OF ERW & SEAMLESS PLANTSNAPSHOTS OF ERW & SEAMLESS PLANT

One of the major players in the Indian Oil & Gas Drilling Industry since 1988 with over 40 Rig years experience

Won prestigious contracts and awards for both safety and excellence in service including “Without Lost Time Accident Award”

Currently JDIL is the largest Jack Up Rigs private Operator in India operating Five Jack-up Rigs

All Contracts are on long Term Contract (3-5 years) with ONGC in the western Offshore

3 years and 5 years contract by ONGC for JV owned new built state-of-art Jack up “Discovery- I” & “Virtue-I” respectively

OIL & GAS – DRILLING RIGS & SERVICES

JINDAL DRILLING & INDUSTRIES LTD.JINDAL DRILLING & INDUSTRIES LTD.

OIL & GAS – DRILLING RIGS & SERVICES


Rig Name W.D Design Contract Status Operator

Noble Ed Holt 300 LevingstonClass 111-C

Apr, 2006 - Oct, 2009

ONGC

Noble Charlie Yester

300 LeTourneauClass 116-C

Jan, 2007 - Jan, 2010

ONGC

Discovery I 350 “KFELS B Class” Oct, 2008 - Oct, 2011

ONGC

Noble George Mcleod

300 Friede & Goldman L-780

MOD II

Jan, 2009 - Jan, 2012

ONGC

Virtue I 350 “KFELS B Class” Jan, 2009 - Jan, 2014

ONGC

Providing Directional Drilling (SDMM & MWD) Services

Providing Integrated On-line Mud Logging Services

JDIL supervised construction of JV’s Two Nos. Premium Jack-up Rigs at Keppel FELS, Singapore with approx. investment of 350 million.

Publicly traded in National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) under symbol “JINDRILL”. Current share price-INR 522* (Approx USD 11.6)of face value INR 5.00

*As on 11 Nov, 2009

OIL & GAS – DRILLING RIGS & SERVICESs


JINDAL’S USP

18 years of Operational Experience, Time Tested Systems and Highly experiencedOperational/Management team sets us class apart from the new entrants

Keppel FELS with its 42% Market share of Jack up construction & track record of on time/on budget delivery of high quality assets gives us an edge unlike other yards who have no past experience of constructing jack up

Our In-house expert team with experience of constructing 5 jack up rigsclosely supervised the construction of Jindal’s new rigs incorporating various extra features which will lead to substantial direct cost savings to the Operator

Inexperienced manager & inexperienced yard is a deadly combination which canlead to serious cost and time overruns or the project itself unlike Jindals - an experienced contractor


PATH AHEAD PATH AHEAD

JINDALJINDAL’’S NEW RIG S NEW RIG ““DISCOVERYDISCOVERY--II”” ON ON OPERATION WITH ONGCOPERATION WITH ONGC

350350’’ JACK UP RIGJACK UP RIG

(KFELS B(KFELS B--CLASS DESIGN)CLASS DESIGN)

PATH AHEAD PATH AHEAD JINDALJINDAL’’S NEW RIG S NEW RIG ““VIRTUE VIRTUE –– II”” JOINED ONGC JOINED ONGC

FLEET IN JanFLEET IN Jan’’ 0909350350’’ JACK UP RIGJACK UP RIG

(KFELS B(KFELS B--CLASS DESIGN)CLASS DESIGN)

ALLIANCE

NOBLE DRILLING CORPORATION, USA

Noble Drilling Corporation, USA, world's 2nd largest drilling contractor owning a fleet of 62 Drilling Rigs, are amongst the Company’s major collaborator in India since 1988

Market Capitalization US $ 13.72 Billion Approx.

Working in 14 Countries in all Continents

Noble is operating 62 Premium Drilling units includingJack-up – 43 Semi Submersible – 13Submersible – 3 DP Drill ship – 3

Noble is listed in New York Stock Exchange & winner of many prestigious Awards including “Shell’s Global Supplier of the Year 2005”

National Safety Award for Excellence -2006


JINDAL DRILLING & INDUSTRIES LTD.JINDAL DRILLING & INDUSTRIES LTD.NOBLE - JINDAL 1

JINDAL DRILLING & INDUSTRIES LTD.JINDAL DRILLING & INDUSTRIES LTD.NOBLE - JINDAL 2

Company is providing Directional Drilling (SDMM & MWD) Services both Onshore and Offshore . Currently having 7 contracts with ONGC and one with GSPC.

DIRECTIONAL DRILLING SERVICES

MWD(Measurement While Drilling)

Positive Pulse telemetry, retrievable MWD system for holes sizes 17 ½” to 4 ¾”

Drilling Motors

Mud Lubricated Bearing and many configurations of Power section from Performance to High Torque motors starting from 9 5/8” OD to 4 ¾” OD motors

Drilling Jars Double Acting Hydro mechanical drilling jars from 8” OD to 4 ¾” OD

Stabilizers String stabilizers from 17 ½” hole size to 6”Hole sizes available for rental / outright Sales


Providing Integrated On-line Mud Logging Services both Onshore and Offshore. Our Online Real time mud-logging equipment have integrated facilities for continuous & complete acquisition and recording of Geoscientific & Engineering Drilling Data and complete monitoring of total well operation

FEATURES

Advanced on-line data acquisition, monitoring & recording SystemSensors working on 24 V DC supply with 4 – 20 MASignal conditioning at sensor endOn-line gas detection equipment working on the principle of Flame Ionization Detector (FID)Off-line system with advanced utility software packagesAdvanced warning system, audio and visualFully equipped geological laboratoryVarious combinations of services and crew sizes depending on customer requirements and well complexityConforming to safety regulations & standards

JINDAL DRILLING & INDUSTRIES LTD.JINDAL DRILLING & INDUSTRIES LTD.MUD LOGGING SERVICES

In the wake of massive expansion in Indian Drilling sector Jindal Drilling &

Industries Ltd. welcomes renowned International Service Major’s to

collaborate in the following areas :

Ultra Deepwater/ Deepwater Semi-Submersibles / Drillships

Jack Up Rigs & Services

Offshore Modular Workover Rigs

Submersible Rigs/ Swamp Barges

Directional Drilling / LWD & Rotary Steerable Tools (RST’s) / Mud Logging


FUTURE EXPANSION TARGETS

International Association of Drilling Contractors (IADC), Houston, USA

Founder Member of IADC- South Central Asia Chapter, Mumbai, India Mr. Naresh Kumar (MD-JDIL) is a member Executive Committee IADC, Houston Texas

Founder Member and SCM of PETROTECH, one of the largest International Oil & Gas show in India

Confederation of Indian Industries ( CII)- Oil & Gas Division

Federation of Indian Chambers of Commerce & Industry

Associated Chambers of Commerce and Industry of India

Federation of Indian Industries

AFFILIATIONAFFILIATION

SAFETY AWARD

INDUSTRIAL EXCELLENCE AWARD

BHARAT GAURAV EXCELLENCE AWARD

INTERNATIONAL AWARD FOR EXCELLENCE (Presented at Madrid, Spain)

AWARDSAWARDS

RECOGNITION OF JINDAL GROUP

WITHIN AND OUTSIDE INDIA

JINDAL GROUP

RANKED 48

AMONGST

100 RICHEST FAMILIES

IN ASIA

MSL one amongst top 23 companies selected in India from various sectors.

JINDAL GROUP OIL & GAS SECTORJINDAL GROUP OIL & GAS SECTOR


Shri Naresh Kumar, President- Petrotech & MD- Jindal Drilling & Industries Ltd with Shri Murli Deora, Union Minister MOP & NG, Mr. RS Sharma, CMD- ONGC & Mr Manav Kumar, Director- Discovery Enterprises Pvt Ltd


Shri Naresh Kumar, President- Petrotech & MD- Jindal Drilling & Industries Ltd along with Mr. NK Mitra, Director Offshore- ONGC in Petrotech Conference


Mr. RS Sharma, CMD- ONGC, Mr Idan & Mr Naresh Kumar, President- Petrotech & MD- Jindal Drilling & Industries Ltd discussing about business prospects in Vigyan Bhavan in Petrotech-

Conference

Mr. Naresh Kumar MD JDIL giving memento to Chief Guest Mr. Tharman Shanmugaratnam Finance minister Singapore

Speeches by dignitaries at Naming ceremony

Discovery - I Naming Ceremony held on 13 Sept’ 08

Mr. Nagpaul, Director –DDPL with the Rig plaque “Discovery I”

Mrs Savita Jindal –Lady Sponsor -unveiling the Rig Name Discovery-I

Lady Sponsor along with Chief guest and other dignitaries on the dais for naming ceremony


Mr. D.P.Jindal (Chairman Jindal Group) & Mr. Naresh Kumar MD JDIL, along with Keppel Senior Officials


Mr. Choo, Chairman Keppel presenting a gift to Mr. Naresh Kumar MD, JDIL at the naming ceremony of Rig “Virtue I”

Mr. Lee Boon Yang, Minister for Information, Communications & Arts, giving his speech

Virtue I Naming Ceremony held on 6 Dec’08

Mr. Naresh Kumar MD JDIL, along with other dignitaries at Dias

Virtue I Naming Ceremony held on 6 Dec’08

From R to L Mr. AK Hazarikha Director Onshore- ONGC, Mr. UN Bose Director T& FS- ONGC, Shri MurliDeora, Union Minister MOP & NG, Shri Mani Shankar Aiyar, Mr. MS. Srnivasan, Secretary MOP& NG, Mr. RS Sharma, CMD- ONGC, Mr Sarthak Behuria- Chairman IOCL, Mr Naresh Kumar, President-Petrotech & MD- Jindal Drilling & Industries Ltd


From R to L Mr. AK Hazarikha Director Onshore- ONGC, Mr. UN Bose Director T& FS- ONGC, ShriMurli Deora, Union Minister MOP & NG, Shri Mani Shankar Aiyar, Mr. MS. Srnivasan, Secretary MOP& NG, Mr. RS Sharma, CMD- ONGC, Mr Sarthak Behuria- Chairman IOCL, Mr Naresh Kumar, President- Petrotech & MD- Jindal Drilling & Industries Ltd


INDISK OSLOBESØK: Her er ekteparet Manav Kumar og Shilpa Agarwal avbildet på «Oslos tak», nærmerebestemt i øverste etasje på Hotel Radisson Scandinavia ved Slottsparken.

– Norge fascinerer meg, det er et vakkert land med hyggeligemennesker, fortalte den ungeforretningsmannen Manav Kumar dahan besøkte Norge sammen med sin kone. Og en hovedgrunn for besøket:

Øke det indisk-norskehandelssamarbeidet.

ET ANNONSEBILAG OM INDIA FRA AFTENPOSTEN TEMAUTGIVELSER NOVEMBER 2006 19

He is in Norway on business and has, among other things, given a presentation at the annual Offshore Northern Seas conference in Stavanger with 40 nations being represented.

–I have already met the Crown Prince once, says Manav Kumar. – When I did I told him how much I looked forward to his and the Princess’ visit in India. I told him the visit was highly anticipated. I am looking forward to the after effect of his visit and expanding on that again. I hope and believe that their visit will generate even more financial co-operation between India and Norway.

The impressive, young executive Manav Kumar has studied both in the US and in the UK and came back home to India with his Master’s in Business management in 2003. After finishing my Master’s in England I came home and started Discovery Enterprises Pvt. Ltd., he says. – The company is therefore only three years old and a new independent company of the Jindal Group formed by the group in 2003 under my initiative. The company is formed to cater to the fast growing requirements of Indian Offshore & production services. Last year Discovery was awarded USD million contract for Crystal Sea FPSO for five years, India’s first FPSO, by ONGC. The company has ambitious plans to grow in this sector.

This is allready Mr. Kumar’s fourth visit to little Norway. And what keeps bringing him back? – Norway is like an oil and gas hub, he answers. – Norway is in the forefront when it comes to innovations of excellent technologies – especially deep water technology – to extract oil. This is a technology India need to extract oil form all its own oil sites.

–I come to Norway both to by new technology, meet Norwegian business people and creating new partnerships between Norwegian and Indian companies. It is so important to think globally and adopt the best from many countries and implement them at home.

Mr. Kumar has great belief in the brand new Indian-Norwegian Chamber of Commerce. – The idea was promoted by the Indian Ambassador to Norway when discussing it with the Norwegian Ambassador, he explains. – The idea is to bring Norwegian and Indian companies together, bring prominent people form both nations together and have a place to discuss issues of mutual interest, like for example VISA and tax issues.

Aftepoften India Supplement 1st Nov06

CEO Manav Kumar:

I BELIEVE IN A JOINT NORWEGIAN-INDIAN COOPERATION–Norway fascinates me; it is a beautiful country with friendly people, the young business executive Manav Kumar said when he recently visited Norway with his wife. One reason for the visit: Increase Indian-Norwegian trade collaboration.

– We are really looking forward to the visit from the Norwegian Crown prince and his wife, says Manav Kumar (28), CEO of Discovery Enterprises, an independent company of the Jindal group.

India driller charts path for growth Jindal follows up restructuring with pursuit of international partnershipsERIK MEANS, Oslo

JINDAL Drilling & Industries of India, having just approved a restructuring and merger process that has more than doubled its size, is pursuing international partnerships to fulfill its aggressive expansion plans.

In a board meeting on 25 August, a demerger of Jindal’s casing subsidiary Haraya Engineering was confirmed, while two other entities owned by parent DP Jindal Group — drilling services units Newsco Newtech and Discovery Hydrocarbons — have been merged into Jindal Drilling.

“We are now two-and-a-half times our earlier size,” said Manav Kumar, a senior manager at Jindal Drilling and son of company managing director Naresh Kumar. “Our prospects are now much better, and we’re getting aggressive in the international market.”The company manages a pair of Noble jack-up rigs on longterm charter to India’s Oil & Natural Gas Corporation (ONGC). It also has two 350-foot jack-ups of its own being built at Keppel Fels in Singapore and due for delivery in the third and fourth quarters of 2008. Jindal is now hoping to expand its operating experience into semi-submersibles and drillships in a bid to gain a slice of the deepwater market, though it realises it will need to do so through partnerships with experienced hands.

The younger Kumar is also director of another DP Jindal Group company, Discovery Enterprises — an offshore support services outfit with big growth ambitions of its own.

Discovery’s claim to fame thus far is its alliance with Norwegian shipowner Seatankers on the fiveyear, $183 million charter of the Crystal Sea mini-floating production, storage and offloading vessel to ONGC for use on the Bombay High North field. Though start-up from the field has been delayed several months due to a fault with the FPSO’s import riser, Kumar said he expects first oil to flow “by the end of October”, after the end of the monsoon season.

Discovery is now pursuing entry into new markets, including supply vessels, anchor handlers, offshore construction and liquefied natural gas vessels, hoping to forge alliances with established foreign players keen to gain a foothold in the fast-expanding Indian market.

Upstream, 1 September 2006JINDAL GROUP OIL & GAS SECTORJINDAL GROUP OIL & GAS SECTOR

Hon’ble Prime Minister of India Dr. Manmohan Singh inaugurated theENERGY CONCLAVE 2006 “Implementing the Integrated Energy Policy”

on 26-28th July 2006. Jindal Drilling was an active participant in the event

May 09, 2006May 09, 2006

ONGC recognizes Jindal Drilling as the representative of the Industry and invites M.D, Jindal Drilling to share the dias with the board Members of ONGC in its

Vendor’s Meet Mr. Naresh Kumar- Managing Director Jindal drilling & Industries Ltd. Addressing the Vendors meet of 2006 of ONGC

JDIL’s Managing Director Mr. Naresh Kumar Sharing the Dais with CMD and Other Board Members of ONGC, at

ONGC Global Vender’s Meet-2003


Mr. Naresh Kumar MD JDIL Delivering speech during valedictory session of Petrotech 2005 Conference

On Dais: Chairman Petrotech society, Secretary Petroleum and Chief Guest – Honble’Minister of External Affairs, Govt. of India

The conference was attended by 4000+ delegates from 132 countries from all over the world

JINDAL GROUP RECOGNITION IN INDIAN OIL & GAS SECTORJINDAL GROUP RECOGNITION IN INDIAN OIL & GAS SECTORPETROTECH the largest OIL & GAS Conference and Exhibition in India organised by

Ministry of Petroleum, Govt. of India

“Money is not a problem,” top manager Naresh Kumar of Jindal Drilling says as he walks out of the Indian

embassy in Oslo together with ambassador Mahesh Sachdev, on his way to yet another business meeting.

A REPORT IN NORWAIGIAN NEWS PAPER ABOUT A REPORT IN NORWAIGIAN NEWS PAPER ABOUT JINDALJINDAL’’S FORAY IN RIGSS FORAY IN RIGS & OIL SERVICE SECTOR& OIL SERVICE SECTOR

File: 06-05-02indiansrigraid

DagensDagens NNææringslivringsliv, May 2, 2006, May 2, 2006

Indians on Norwegian rig raidIndians on Norwegian rig raid

While Norwegian companies are investing a three digital number of billions on upgrading old drilling rigs and constructing new ones, foreign rig operators have started announcing their interest in the Norwegian projects.

This is also the business idea of several Norwegians: to sell the rigs to foreigners. Recently Arne Blystad and his co-investors sold Songa Drilling and three of the company’s old drilling rigs to the British Abbot Group for 3, 8 billion kroner.

Now there might be more deals. Last week top manager Naresh Kumar of the Indian Jindal Group traveled around Norway to look at rig projects. The company has earlier been mentioned as a possible buyer of Petrojack’s rigs before Sinvest beat them to it.

“We are looking for the moment,” Kumar says where he sits in the Indian embassy in Oslo before the week end, before another business meeting. The day before he went to Stavanger. He considers the probability that the company will buy something in Norway as “100 per cent.”

“We only have to see that we buy the right thing and scrutinise the companies,” he says. He does not want to mention any names, but says that Jindal is not only looking for rig companies, but also oil service in general. He estimates that the family dominated Jindal group has a valueof more than one billion dollars. For the time being the rig division is rather limited, but one rig is operating and two are being constructed.

But the most important thing is that the growth prospects in India are enormous. Only 25% of India’s test drilling area is being used. Statoil and Hydro, too, are looking at the possibilities. According to Kumar 200 billion dollars will be invested in Indian energy industry the next ten years. In this connection, he is not only interested in buying Norwegian companies, but also in founding partnerships with Norwegians who want to invest in India.

PETROTECH - 2005 Noble-Discovery Downhole Technology Stall Inauguration by CMD ONGC.

In Picture L to RIn Picture L to R: Director DEPL, Former Director Drilling ONGC, Former CMD ONGC, CMD ONGC, Director Onshore ONGC, Managing Director Jindal Group.

JINDAL GROUP OIL & GAS SECTORJINDAL GROUP OIL & GAS SECTORIN PETROTECH EXHIBITIONIN PETROTECH EXHIBITION’’20052005

Noble-Discovery Downhole Technology Stall was awarded the Second prize in the category of Technology Innovation

JINDAL GROUP OIL & GAS SECTORJINDAL GROUP OIL & GAS SECTORIN PETROTECH EXHIBITIONIN PETROTECH EXHIBITION’’20052005

HON’BLE THE THEN PRIME MINISTER OF INDIA. SHRI A. B.VAJPAYEE PRESENTING AWARD TO JINDAL GROUP COMPANY

JINDAL GROUPJINDAL GROUP

His excellency Vice President of India. Shri Bhairon Singh sekhawat

presenting the Award to Jindal group Company

Mr. D.P.Jindal, Chairman JDIL along with Hon’ble Prime Minister of Laos at a Lunchion Meeting in New Delhi


Jindal is a reputed and financially sound group of industries in India

Jindal has 6 decades of experience in Indian industrial environment

Jindal has professional & focused approach towards the customers’ need

Highly qualified & well-trained professionals (Over 3000 Nos.)

Enjoying high level of Customer confidence - Built over the years by maintaining

quality of services, professionalism, stability and good corporate governance

culture of the companies

Capable of managing risks and shouldering Responsibilities & Liabilities

Contd…..

WHAT PARTNERS WILL SEE IN JINDAL

Multi-level Support For Client Interface & Contract Coordination

Well versed with Indian Laws, rules & regulations and government approvals

Deep routed local insights for smooth operations

Ability to generate resources to grow and sustain

WHAT PARTNERS WILL SEE IN JINDAL

JINDAL’S STRATEGIC LOCATIONS IN INDIA

MUMBAI

GURGAON GHAZIABAD

AHMEDABAD

BARODA

KOLKATA

Map not to Scale

ASSAM

NAGOTHANE

NEW DELHI

BHUBANESWAR

CHENNAI

KARAIKAL

RAJAMUNDRY& KAKINADA

Delhi:JINDAL DRILLING & INDUSTRIES LTD.

Suite 101,70/B-39, Shivaji Marg

New Delhi-110 015 (India)Tel: +91 11 4253 1111, 3051 1100

Fax: +91 11 3051 1111Email: [email protected]

www.jindal.com

Mumbai:JINDAL DRILLING & INDUSTRIES LTD.

3rd Floor Keshva Building, Bandra-Kurla Complex,

Bandra (East) Mumbai-400 051 (India)Tel: + 91 22 2659 2889/ 2659 2892

Fax: + 91 22 2659 2630Email: [email protected]

www.jindal.com

OUR CONTACTSOUR CONTACTS

THANK YOUTHANK YOU

jindal presentation

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