Aban Offshore
Aban Offshore (formerly Aban Loyd Chiles Offshore Ltd.) (BSE: 523204), (NSE: ABAN) is India's largest offshore drilling services provider headquartered in Chennai, India. Its services are mainly used by oil companies, especially for ONGC. It is now ventured into international waters as one of its five rigs is doing work for an Iranian oil company. The company listed on the Bombay Stock Exchange Ltd,[1][2][3][4]
 | |
| Industry | Oilfield services |
|---|---|
| Founded | 1986 |
| Headquarters | Chennai, Tamil Nadu, India |
Key people | Reji Abraham, Managing Director |
| Services | Drilling |
| Revenue |  ₹279.67 billion (US$3.2 billion) (2017) |
| Website | abanoffshore.com |
The group has also ventured into construction, offshore and onshore drilling, wind energy and power generation, Information Technology enabled services, hotels and resorts, tea plantations and in marketing.
In 2020, the company reported consolidated net loss of Rs 193.85 crore in third quarters results.[5]
ReferencesEdit
- ↑ "Aban Loyd to buy 3 more jack-up rigs – Gets shareholders' nod to raise $100 m". The Hindu Business line.
- ↑ "Aban Loyd Chiles Offshore: Buy". The Hindu Business line.
- ↑ "Executive Profile, Reji Abraham". Business Week.
- ↑ "Aban Offshore".
- ↑ "Aban Offshore reports consolidated net loss of Rs 193.85 crore in the September 2020 quarter". Business Standard India. 11 November 2020.