I dont know why they have been refusing to give the exact rent figures for individual rigs and the refurbishment costs incurred when they have given this data (in not so organized manner) in the past ARs. Have calculated rent as per current contracts for the three rented rigs from whatever data we have in the past Annual reports (nos. are approximate (+5/-5) because they don’t give the exact figures)
Rent (only valid till the individual contracts end)
- Jindal Star – 55 Cr./Year
- Jindal Explorer – 70 Cr./Year
- Jindal Virtue-1 – 150 Cr./Year
Refurbishment cost (ammortized over 3 years in the head drilling operating expense) - Virtue-1 – 85 Cr. (FY24)
- Star – 96 Cr. (37 Cr.+ 59 Cr. in FY23 & 24 respectively)
- Discovery – 82 Cr. (37Cr.+ 45 Cr, in FY23 & 24 respectively)
- Supreme – 72 Cr. (FY21)
- Explorer – 50-60 Cr. (back calculations. no data)
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