Is Aban Offshore a good buy?

Is Aban Offshore a good long term investment? Past 10 years financial track record analysis by Moneyworks4me indicates that Aban Offshore Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.

What does Aban Offshore?

Its services are mainly used by oil companies, especially for ONGC. It is now ventured into international waters as one of its five rigs is doing work for an Iranian oil company….Aban Offshore.

Type Public company (BSE: 523204) (NSE: ABAN)
Services Drilling
Revenue ₹279.67 billion (US$3.7 billion) (2017)
Website abanoffshore.com

What does Aban mean?

Aban is a Muslim Boy Name. Aban name meaning is 8th Month Of The Iranian Calendar Name Of A Certain Angel. The name is originated from Persian. The lucky number of Aban name is 8.

What does Aban mean in Arabic?

Aban is baby boy name mainly popular in Muslim religion and its main origin is Arabic. Aban name meanings is Name of an angel.

What kind of services does Aban Offshore offer?

Inevitably, Aban ventured into the high-powered domains of drilling, power generation and IT Enabled Services (ITES). We are driven by a vision to achieve far-reaching success in every field by developing innovative, integrated, enterprising and world-class services for the global market.

Who is the founder of Aban Construction Company?

The ABAN Group was born as a small engineering firm in Chennai, Aban Constructions, established by late Mr. M. A. Abraham in 1986. A visionary, Mr. M. A. Abraham began his career as an engineering professional in the Construction Industry with illustrious names like the Tata Group and Saipem.

Which is the best quality system for Aban?

With us, quality assurance and quality systems have been accorded the highest priority and today Aban is ISO 9001:2000 accredited. Our mission is to be at the forefront, in the fiercely competitive business environment of today, through our managerial, technical and operational excellence, range of services and skilled manpower.