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New Delhi, June 26 Bharat Heavy Electricals Ltd (BHEL) on Thursday announced it has bagged a Rs 506 crore contract from Oil Natural Gas Corporation (ONGC) for upgradation of drilling rigs.

Under the contract, BHEL would upgrade 12 onshore drilling rigs and supply new rig equipment to ONGC, a company statement said. The scope of the order also includes overhauling of rotating and hoisting equipment, revamping electrical systems and site erection and commissioning of these equipment, it said.

The mechanical work would be done at BHEL’s Hyderabad plant and the electrical jobs would be undertaken at the Bhopal plant. BHEL has so far supplied 84 rigs, of these 71 rigs have been supplied to ONGC and 13 to Oil India Ltd (OIL).

The company recently won Rs 3,588-crore turnkey order for a combined cycle power plant at Bawana.

More Stories on : New Business | Engineering | Bharat Heavy Electricals Ltd | Oil & Natural Gas Corporation Ltd

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