Shiv-Vani Oil and Gas Exploration Services Ltd.
Incorporated in 1989, Shiv-Vani has rapidly evolved to emerge as a key player in the upstream sector of the hydrocarbon industry. It went public in 1993. Headquartered in New Delhi, the company offers a wide spectrum of services in the field of oil and natural gas exploration and production. It provides short-hole drilling services to ONGC and it is globally recognized for its proven expertise in exploration, production and allied services. It provides a complete suite of onshore activities and offshore operations. It is the only integrated CBM (Coal Bed Methane) services provider in India and successfully pioneered horizontal and directional drilling in the country to enhance CBM procurement.
Investment Positives
Shiv-Vani is the biggest private sector rig owner & operator in India specializing in onshore and offshore operations. It has 21 onshore rigs, four seismic data acquisition equipment; four crew boats; seven compressors; 233 drilling rigs and 425 logistic support vehicles. It is one of the few companies in India to own an onshore rig equipped with Top Drive System.
It has an order book of 4800 crs, out of which 4100 crs is executable over a three-year period.
Rise in the prices of rig in the coming years will help the company to earn more revenues in its contracts as it has acquired rigs at lower prices.
Current Market Price : 102
Investment Period : 3-5 years
A good company with solid performance.
A good company with solid performance.
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