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Jindal Drilling & Industries Ltd has issued the following Press Release:

“Pursuant to the directives issued by The Institute of Chartered Accountants of India (ICAI) on Derivatives “AS-30, Financial Instruments: Recognition and Measurement”, Jindal Drilling & Industries Ltd (JDIL), D.P. Jindal Group Company hereby confirms that as on date the Company does not have any Derivative Contracts and thus there is no losses on account of Mark-To-Market (MTM) during the year ending March 31, 2008″.

Tags: Jindal Drilling

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