Rs 2,960 Crore Order Book: Oil & Gas Field Services Provider Bags New Order Worth Rs 45.33 Crore from Oil India Ltd
The stock is up by 62 per cent from its 52-week low of Rs 283.75 per share.
Deep Industries Limited has received a Letter of Award from Oil India Limited for a domestic contract valued at approximately Rs 45.33 crore. The order is for the hiring of one Mobile Workover Rig Package for a period of three years, to be deployed in the state of Rajasthan. This contract further strengthens Deep Industries' presence in providing essential equipment and services to the oil and gas sector.
About the Company
Deep Industries Ltd, incorporated in 1991, specialises in oil and gas field services, focusing on air and gas compression, drilling, workover, and gas dehydration services. The company holds a dominant position in post-exploration services, covering over 70 per cent of the market. Its business segments include the Gas Compression Division, where it is the largest service provider in India, and the Gas Dehydration Division, offering systems on a build, own, and operate basis. The Drilling and Workover Services segment maintains long-term contracts with major PSUs and private companies. Deep Industries also provides integrated project management services, executing turnkey solutions for well drilling and completion.
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Deep Industries Limited has a market capitalisation of over Rs 2,80 crore and has a robust order book of Rs 2,960 crore with significant contracts from ONGC and Oil India. The stock is up by 62 per cent from its 52-week low of Rs 283.75 per share.
Disclaimer: The article is for informational purposes only and not investment advice.