Deals8 Sept 2024, 01:10 am
Deep Industries Wins Biggest Ever Order of Rs. 1,402 Cr from ONGC for Production Enhancement Operations
AI Summary
Deep Industries Ltd, a leading integrated solutions provider for Oil & Gas field operations, has announced a significant order win valued at Rs. 1,402 crore from Oil and Natural Gas Corporation (ONGC). The contract is for Production Enhancement Operations in the mature fields of ONGC's Rajahmundry Asset and spans a duration of 15 years. This is the largest project awarded to the company to date, more than doubling its current order book. The order is aimed at increasing the production of hydrocarbons from the ageing, depleted and mature fields.
Key Highlights
- Deep Industries wins its biggest ever order of Rs. 1,402 Cr from ONGC
- The order is for Production Enhancement Operations in ONGC's Rajahmundry Asset
- The project duration is 15 years
- This order more than doubles the current order book of Deep Industries
- The order is aimed at increasing the production of hydrocarbons from the ageing, depleted and mature fields