Deep Industries Wins ₹83.81 Cr Gas Compression Contract from ONGC

Deep Industries Ltd has announced receiving a Letter of Award from Oil and Natural Gas Corporation Limited (ONGC) for charter hiring services for gas compression. The contract is for ONGC's Lakhmani GGS-5, Assam Asset, and spans a period of three years. The total estimated value of this award is approximately INR 83.81 crores. This award is considered to be in the ordinary course of Deep Industries' business and is with a domestic entity. The company confirmed that promoters or group companies do not have any interest in ONGC, and the contract does not fall under related party transactions.