The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Aban Offshore wins contracts with $695 mln revenue
MUMBAI (Reuters) - Aban Offshore Ltd said on Tuesday it expects revenue of $695 million from two contracts it signed for deploying four rigs.
The first contract, with an estimated revenue of $603 million, is for deploying three jack-up rigs in the Middle East for three years, the company said in a statement to NSE.
Another contract, with an estimated revenue of $92 million, is for deploying a jack-up rig in Latin America, it said.
The rig deployments will commence in the third quarter of 2009, it said.
(For more news on Reuters Money click in.reuters.com/money)
- Tweet this
- Share this
- Digg this