annual report - Jindal Group of Companies

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Offshore Drilling ServicesOur primary focus is on Drilling Servicesbusiness. Despite lowering charter rates dueto volatile market dynamics the Companystill continued to set firm footprints andsuccessfully improved its bottomline. Theprofit before tax was Rs. 150.19 croreduring the year as against Rs. 128.10 crorein the previous year. The profit after tax wasRs. 100.84 crore as against Rs. 84.14 crorein the previous year.The newly built jack-up rig "Discovery I" has completedmore than 2 years of incident-free operations witha good track record of drilling complicated wells inVasai field in ONGC.Second newly built jack-up rig "Virtue I" has alsocompleted more than 2 years of service without anylost time incident clocking a remarkable figure ofonly 0.02% of Non Productive Time (NPT).02
03During the year, a few majorcontracts executed successfullycame to a close. However, theCompany bagged 4 long termcontracts from ONGC and acouple of short term contracts fromother operators.
Page 3: Putting thingstogether in astrategi
Page 7 and 8: Upstream giant, Oil & Natural Gas C
Page 9 and 10: any lost time incident clocking a r
Page 11 and 12: BOARD OF DIRECTORSD.P. JindalRaghav
Page 13 and 14: NOTES:1. A MEMBER ENTITLED TO ATTEN
Page 15 and 16: 10. In case of joint holders attend
Page 17 and 18: DIRECTORS' RESPONSIBILITY STATEMENT
Page 19 and 20: CORPORATE GOVERNANCE REPORTThe purs
Page 21 and 22: The broad terms of reference of Aud
Page 23 and 24: (II) Special Resolutions passed in
Page 25 and 26: Distribution of shareholding as on
Page 27 and 28: CERTIFICATE ON CORPORATE GOVERNANCE
Page 29 and 30: Unlike other parts of the world whe
Page 31 and 32: ANNEXURE TO THE AUDITORS' REPORT(As
Page 33 and 34: 18. According to the information an
Page 35 and 36: PROFIT & LOSS ACCOUNT FOR THE YEAR
Page 37 and 38: SCHEDULES FORMING PART OF THE FINAN
Page 39 and 40: SCHEDULE : 4 - FIXED ASSETS as at 3
Page 41 and 42: As at 31.03.2011As at 31.03.2010Sha
Page 43 and 44: NAME OF THE COMPANY NUMBER OF PURCH
Page 45 and 46: SCHEDULE : 6 - INVENTORIESAs At As
Page 47 and 48: Year Ended Year Ended31.03.2011 31.
Page 49 and 50: h. Revenue RecognitionRevenue is re
Page 51 and 52: B. NOTES ON ACCOUNTS1. Estimated am
Page 53 and 54: (c)Foreign Currency Exposure that a
Page 55 and 56:
(v)Investment detailsParticulars(Am
Page 57 and 58:
8.6 In view of the Accounting Stand
Page 59 and 60:
9. Additional Information pursuant
Page 61 and 62:
JINDAL DRILLING & INDUSTRIES LIMITE
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annual report - Jindal Group of Companies

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