Award8 Sept 2026, 01:42 pm
Deep Industries Secures ₹88.15 Cr Gas Compression Order from ONGC
AI Summary
Deep Industries Ltd has announced the receipt of a Letter of Award from Oil and Natural Gas Corporation Limited (ONGC) for hiring gas compression services. The contract is for a period of three years and will be executed at the Balol GGS-1, Mehsana asset. The total estimated value of this order is approximately INR 88.15 crores. This award is considered to be in the ordinary course of business for Deep Industries. The company confirmed that promoters or promoter groups do not have any interest in ONGC, and the contract is not a related party transaction.
Key Highlights
- Secured a 3-year contract for gas compression services from ONGC.
- Total estimated contract value is ₹88.15 crores.
- The order is for services at Balol GGS-1, Mehsana asset.
- The contract is considered in the ordinary course of business.
- No promoter interest in the awarding entity; not a related party transaction.
Price Impact
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