BSE See NSE See 48,732.55
41.75 (0.09%)

Deep Industries soars on bagging contract

Dnyanada Kulkarni
/ Categories: Mindshare, Markets
Rate this article:

The shares of Deep Industries ascended 11 per cent after the company secured a contract worth Rs. 3.12 crore from ONGC. The scope of services involves rig work over a period of 1 year for ONGC's Cambay Asset.

Deep Industries operates in various segments of the Oil & Gas industry. It is the first company in India to provide Air & Natural Gas Compressor services on a chartered hire basis. Moreover, the company offers Workover & Drilling Rig services and has also ventured into the Exploration & Production segment. Deep Industries caters to the Oil & Gas field operations by supplying equipment and services on either rental or chartered-hire basis.

On Thursday, the shares of Deep Industries opened at Rs. 141.00 per share, and hit a high and low of Rs. 155.20 per share and Rs. 137.00 per share, respectively. The stock closed at Rs. 147.00, up 5 per cent. Meanwhile, the shares of ONGC opened at Rs. 144.00 per share and hit a low of Rs. 138.00 per share. ONGC was among the top losers on BSE Sensex. The stock closed at Rs. 140.75 per share, down 1.33 per cent.

Previous Article Sical Logistics secures coal mining contract, stock advances
Next Article JSW Steel gets nod for scheme of amalgamation
Please login or register to post comments.

Get A Call From Industry Experts

Send Otp

   I authorize DSIJ Pvt Ltd to contact me. This will override registry on the NDNC.