SAAG RR Infra secures contract worth Rs 280 crore from ONGC
AAG Consolidated (M) Bhd's unit in India, SAAG RR Infra Ltd., has received an order worth Rs 280 crore from ONGC for providing operation and maintenance service for three of its rigs. Under the deal, the company would provide services for three ONGC rigs -- Sagar Shakti, Sagar Jyoti and Sagar Kiran. The company said that the contract would be effective for three years from the commencement date that would be within 120 days from date of contract.ONGC stock has lost ground in recent months. The stock is attractively priced for investors having long term view.
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