What happened to Aban Offshore?
Aban has also identified rigs named Drill-ship Aban Abraham, jack-up rigs Aban VII and Deep Driller 3 for sale from the possession of its subsidiaries. The company has 20 subsidiaries in India and abroad. The company suffered a loss due to a steep fall in day rates as well as impairment of plant and machinery.
Is Aban Offshore a good buy?
Is Aban Offshore a good long term investment? Past 10 years financial track record analysis by Moneyworks4me indicates that Aban Offshore Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.
Why did Aban Offshore share fall?
Between January 10, 2008, and October 31, 2011, the Aban Offshore stock fell 91 per cent to Rs 430. “Due to the 2008 global financial crisis and a plunge in crude oil prices, the stock tanked to Rs 671 on December 31, 2008,” says Alex Mathews, research head, Geojit BNP Paribas Financial Services.
Is Aban Offshore Debt Free?
Aban Offshore has a debt burden to the tune of $ 2.3 billion on its books. The company had reported a consolidated net loss of Rs 386.41 crore in Q1 of FY20 against the net loss of Rs 312.77 crore in the corresponding quarter last fiscal.
Why did BHEL stock fell in 2011?
“As BHEL had not effectively diversified into new/less operated business areas, both turnover and profitability declined sharply with slowdown in the power sector,” the CAG report said, adding that BHEL’s turnover, which was Rs 49,510 crore in 2011-12, declined to Rs 26,587 crore in 2015-16; while its profits of Rs …
Which shares have fallen the most in India?
Time Period
| Company | Current Price | Change |
|---|---|---|
| Indusind Bank | 910.40 | -95.15 |
| Bajaj Auto | 3343.85 | -345.80 |
| JSW Steel | 630.15 | -53.70 |
| GAIL India | 134.25 | -10.65 |
What does Aban Offshore?
Its services are mainly used by oil companies, especially for ONGC. It is now ventured into international waters as one of its five rigs is doing work for an Iranian oil company….Aban Offshore.
| Type | Public company (BSE: 523204) (NSE: ABAN) |
|---|---|
| Services | Drilling |
| Revenue | ₹279.67 billion (US$3.7 billion) (2017) |
| Website | abanoffshore.com |
Why BHEL share is rising?
Shares of Bharat Heavy Electricals Limited (BHEL) rose nearly 7% today after the public sector undertaking said it won an order from Goa Shipyard for warship gun mount. The stock has gained 6.31% in the last two days.
Why sail price is increasing?
This is due to rise in coking coal (key raw material) prices internationally and also based on the robust demand for the metal with re-opening of global economies.
What is the meaning of Aban?
Aban name meaning is Clear, Eloquent, Lucid, Distinct. Aban is a Muslim boy name and it is an Arabic originated name with multiple meanings and the associated lucky number is 9.
Where is Aban Offshore Limited registered in India?
Aban Offshore Limited’s Corporate Identification Number is (CIN) L01119TN1986PLC013473 and its registration number is 13473.Its Email address is [email protected] and its registered address is ‘JANPRIYA CREST’96, PANTHEON ROAD, EGMORE CHENNAI TN 600008 IN , – , .
Who is the founder of Aban Construction Company?
The ABAN Group was born as a small engineering firm in Chennai, Aban Constructions, established by late Mr. M. A. Abraham in 1986. A visionary, Mr. M. A. Abraham began his career as an engineering professional in the Construction Industry with illustrious names like the Tata Group and Saipem.
Which is the best quality system for Aban?
With us, quality assurance and quality systems have been accorded the highest priority and today Aban is ISO 9001:2000 accredited. Our mission is to be at the forefront, in the fiercely competitive business environment of today, through our managerial, technical and operational excellence, range of services and skilled manpower.