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Jindal Drilling slips as arbitration award passed against company
Jindal Drilling & Industries slipped 6% to Rs 174 on the BSE in noon deal trade after the exploration & production firm said an arbitration award has been passed against the company to make payment of $31.8 million by way of damages. Interest on the damages awarded accruing at the daily rate of US prime plus 1%, compounded quarterly until the date of payment and cost of arbitration and other expenses, it added.
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