↩ Go Back
Need help?

Offshore Oil Drilling Business Investment Opportunity in Eluru, India

Business is into water well drilling since 1980, seeking investment to expand to other countries.

Established 40-50 year(s)
Employees 10 - 50
Legal Entity General Partnership
Reported Sales USD 180 thousand
Run Rate Sales USD 190 thousand
EBITDA Margin 20 %
Industries Offshore Oil Drilling + 1 more
Locations  Eluru
Local Time 5:08 PM Asia / Kolkata
Listed By Management Member
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 240 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... View More
Includes physical assets worth USD 1 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
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.

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
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business

1 Investor viewed this Business this week.
Register below to connect now!

Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more