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27-rig order from ONGC-II: BHEL may run away with a big chunk
Aug 28:
Competition is going to be intensive for the rig purchase tender
8A rash of Chinese rigs are expected to be offered.
8But the Make in India caveats places one indigenous manufacturer, BHEL, in the pole position to get a significant chunk of these tenders
8It does not have the expertise to be present in all categories of rigs needed by ONGC but it has been seeking new partners to be able to make up for the deficit
8Given the local content element involved and the fact that it is already a rig supplier means that it will be able to walk away with the bulk of the orders
Click on Reports for more
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8A rash of Chinese rigs are expected to be offered.
8But the Make in India caveats places one indigenous manufacturer, BHEL, in the pole position to get a significant chunk of these tenders
8It does not have the expertise to be present in all categories of rigs needed by ONGC but it has been seeking new partners to be able to make up for the deficit
8Given the local content element involved and the fact that it is already a rig supplier means that it will be able to walk away with the bulk of the orders
Click on Reports for more
