Bhel bags Rs 506-cr oil rigs contract from ONGC
Electric equipment major Bharat Heavy Electricals (Bhel) has bagged a Rs 506-crore contract from Oil & Natural Gas Corporation (ONGC) for upgrade of drilling rigs. According to the contract, Bhel would upgrade 12 onshore drilling rigs and supply new rig equipment to ONGC, the company said in a release on Thursday. The work would also includes overhauling of rotating and hoisting equipment, revamping electrical systems and site erection and commissioning of these equipment.