This is to inform that the Drillship Aban Abraham owned by the wholly owned subsidiary has commenced its drilling operations.
Further we wish to inform that Hardy Exploration & Production (India) Inc has extended the contract for utilization of Floating Production Unit – Tahara for a further period of one year at USD 49,000 per day. The Operations would commence after completion of repair works in Tahara .
This is to inform that a Meeting of Board of Directors of the Company will be held on Monday, the 26th October 2009 at 12.30 P M at the Registered Office of the Company to transact the following items.
1) To consider and take on record the Unaudited Quarterly Standalone Financial Results of the Company for the period ended 30th September 2009.
2) To consider and take on record the Unaudited Quarterly Consolidated Financial Results of the Company for the period ended 30th September 2009.
Kindly take the information on record.
The Committee today allotted 6560 ( Six Thousand Five Hundred and sixty only) Equity Shares of Rs.2/- each under Employee Stock Options Scheme (ESOS 2005).
Sinvest AS, a wholly owned subsidiary of the Company, has redeemed the bonds having a principal amount aggregating to Norwegian Kroner(NOK) 1 billion (equivalent to Rs.800 Crore) alongwith accrued interest, on the due date (i.e.) 22nd December, 2009.
SUB: CARE rating for Non convertible Cumulative Redeemable Preference Shares of Rs.150 Crs, Rs.156 Crores and Rs.20 Crores issued by the Company: Credit Analysis & Research Ltd. (CARE) has revised the ratings for the Cumulative Non-Convertible Redeemable Preference Shares (CRPS) issued by the Company. The revised ratings stand at ‘CARE BBB- (RPS)’ [TRIBLE B Minus (Redeemable Preference Shares)].