Aban Offshore: Bags $159 mn contract

Aban has bagged a contract worth $159m for deep driller 8 (DD8) for a tenure of 4 yrs with four optional period of one year each, which has been signed with Brunel Shell Petroleum Berhad. Improved demand for drilling ships and other offshore vessels is expected due to raising crude prices. Investors are recommended to buy the stock for a price target of Rs1588

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