|
|
Article: India : EOSL to achieve financial closure for jack-up rigs by Oct-end.
- Article from:
- TendersInfo
- Article date:
- October 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
A consortium of Indian banks led by IDBI Bank are understood to be involved in the syndication, said V Ashok, director, Essar Shipping Ports and Logistics (ESPLL), which administers Essar Oilfields Services.
The company is being given the facility at competitive terms. Construction on the two high specification and technologically advanced jack-up rigs is currently under progress at Dahej in Gujarat and is on schedule. The rigs are expected to join EOSL fleet by end-2011.
The Essar Group, with interests ranging from steel and shipping to refining, is sharpening its focus on the ...