Offshore Oil Drilling Business Investment Opportunity in Eluru, India
Business is into water well drilling since 1980, seeking investment to expand to other countries.
This transaction has concluded.
| Established | 40-50 year(s) |
| Employees | 10 - 50 |
| Legal Entity | General Partnership |
| Reported Sales | USD 176 thousand |
| Run Rate Sales | USD 183 thousand |
| EBITDA Margin | 20 % |
| Industries | Offshore Oil Drilling + 1 more |
| Locations | Eluru |
| Local Time | 5:05 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Moderately Active |
Partial Stake Sale
USD
234 thousand
for
25.0%
stake
(Native Currency: INR 20,000,000)
Reason: We are going to start our drilling services in Morocco and Ethiopia so we want investment for workin...
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Includes physical assets worth
USD
940 thousand
Interested to connect with advisors
Business Overview
- Business is running for nearly 4 decades and has good hold in this industry.
- We have worked with Reliance Petro chemicals, Power Chain and Singareni Collieries Company in the past for oil and gas drilling.
- We are only into water well drilling as of now.
- Have won water drilling sub contract from Kolkata Government and currently working on that.
- We also export drilling equipment to more than 15 major drilling companies around the world.
- We manufacture welding rods in small quantity mostly for own use.
- Major income is generated from drilling services.
- Physical assets include land and machinery.
- Promoter has more than 30 years of experience in this business.
- We have worked with Reliance Petro chemicals, Power Chain and Singareni Collieries Company in the past for oil and gas drilling.
- We are only into water well drilling as of now.
- Have won water drilling sub contract from Kolkata Government and currently working on that.
- We also export drilling equipment to more than 15 major drilling companies around the world.
- We manufacture welding rods in small quantity mostly for own use.
- Major income is generated from drilling services.
- Physical assets include land and machinery.
- Promoter has more than 30 years of experience in this business.
Products & Services Overview
Drilling tube wells, exporting drilling equipment and manufacturing welding rods.
Facilities Overview
4 acres of own industrial land in Andhra Pradesh with workshop.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysSr Drilling Supervisor, Oil & Gas, British Columbia, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder & CEO, Chennai, M&A Advisor connected with the Business
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