Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Deep Industries Ltd receives 2 orders from ONGC Ltd valued at Rs. 183.50 crores

Posted On: 2019-03-13 21:21:57

Deep Industries Ltd has received 2 orders from ONGC Ltd.

The 1st Order is for deployment of 1 number of 1,000 HP Drilling Rig for ONGC Ahmedabad Asset for a period of 3 years. The approximate value of the said contract is Rs. 91.75 Crores calculated at exchange conversion rate equals to 70 Rupees per 1 US Dollar.

The 2nd Order received today is also for deployment of 1 number of 1,000 HP Drilling Rig for ONGC Ahmedabad Asset for a period of 3 years. The approximate value of the said contract is same Rs. 91.75 Crores calculated at exchange conversion rate equals to 70 Rupees per 1 US Dollar.

The two orders combined will add approximately Rs. 183.50 Crores to our order book and increase revenue visibility for the coming years.

Commenting on the said order, Mr. Paras Savla, Chairman and Managing Director said, "These are prestigious orders for Deep industries. India has vast potential to explore in the Oil and Gas space and we believe we will be able to exploit this opportunity on the back of rich experience and track record in the sector. Indian Oil-Gas majors have started issuing orders after a long hiatus and we believe this is positive for our Industry and our company in particular. This order inflow coupled with our growing orderbook in the overseas Oil-Gas services segment give us good revenue visibility for the next couple of years."

Deep Industries continues to participate in the growing services business in India as well as Overseas. With its proven abilities and superior execution capabilities Deep Industries is confident to emerge as a significant beneficiary of the vast opportunities offered by the domestic as well as the international market. Deep Industries intends to provide the best quality oil and gas services and is committed to bringing innovative solutions for the Oil & Gas Industry to be a one-stop solution provider.

Shares of DEEP INDUSTRIES LTD. was last trading in BSE at Rs.142.4 as compared to the previous close of Rs. 143.2. The total number of shares traded during the day was 15870 in over 486 trades.

The stock hit an intraday high of Rs. 144 and intraday low of 138. The net turnover during the day was Rs. 2244030.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Blackstone Commits up to $460 million to Acquire a Majority Stake in Essel Propack

Suven completes purchase of assets of Rising Pharmaceuticals through JV partner, Shore Suven Pharma Inc.

Ashika Credit Capital Ltd FY19 PAT surges to Rs. 7.55 crores

VTM Ltd Board recommends Dividend of Rs. 0.90

Indian Hotels Company Ltd Board to consider FY19 results & Dividend on April 30, 2019

Symphony Limited announces closure of Surat SEZ Unit

BASF India Ltd calls for board meeting on April 30, 2019

Hindustan Unilever Ltd board to recommend dividend, consider FY19 results on May 3, 2019

VTM Ltd reports PAT of Rs. 10.21 crores in FY 2018-19

Dr. Lal PathLabs Ltd calls for board meeting on May 17, 2019

Reliance Nippon Life Asset Management Ltd board to announce FY19 results, dividend on April 29, 2019

Vinyl Chemicals India Ltd board to approve dividend, FY19 results on May 13, 2019

Alembic Pharmaceuticals Ltd board to consider FY19 results, dividend on May 8, 2019

QGO Finance Ltd posts net profit of Rs. 0.04 crore in FY19

India Post Partners with TCS to Digitally Reimagine Postal Services

Asian Paints Ltd resumes operations at Vizag plant

Mahindra Lifespace Developers Ltd FY19 PAT climbs to Rs. 118.67 crores

Pil Italica Lifestyle Ltd announces resignation of CS

Mahindra Lifespace Developers Ltd board approves dividend of Rs. 6

PVR Ltd launches 6 screens multiplex at Amritsar

Sadhana Nitro Chem Ltd board approves interim dividend of Rs. 1.25 for 2018-19

GHCL launched 'REKOOP' CertainT® verified recycled PET bedding products on Amazon.com

Elecon Engineering Company Ltd board to consider Q4, FY19 results on May 7, 2019

GOA Carbon Ltd continues to post loss in Q4 FY19

Supreme Industries Ltd board to approve FY19 results, dividend on May 7, 2019

Mindteck India Ltd board to announce Q4, FY19 results on May 28, 2019

Goodyear India Ltd appoints Mr. Anup Karnwal as company secretary

Radico Khaitan Ltd board to approve dividend, FY19 results on May 2, 2019

Baleno now with Next Generation Smart Hybrid Technology

Alembic Pharmaceuticals receives US FDA Approval for Teriflunomide Tablets, 7 mg and 14 mg

Birlasoft recognized as Rising Star USA in the Salesforce Ecosystem by ISG

Monsanto India Ltd board to announce FY19 results, dividend on April 30, 2019

Huhtamaki PPL Ltd calls for board meeting on May 9, 2019

SpiceJet, Emirates sign MoU for codeshare partnership

Sanofi India Ltd board to announce Q1 CY2019 results on May 7, 2019

EIMCO Elecon India Ltd board to consider dividend, Q4, FY19 results on May 7, 2019

Adani Defence Systems and Technologies Ltd acquires Alpha Design Technologies Pvt Ltd

Shilpa Medicare Ltd receives US FDA approval for Busulfan Injection

Indag Rubber Ltd Board recommends Final Dividend of Rs. 1.50 for 2018-19

Avantel Limited bags order from Boeing

Shilpa Medicare Ltd receives EIR from USFDA for R&D unit at Modavalasa

HDFC Bank Ltd Board recommends Dividend of Rs. 15 for 2018-19

HDFC Bank announces Q4, FY2018-19 results

Indag Rubber Ltd Q4 PAT slides to Rs. 1.91 crore

SVP Housing Ltd updates on changes in board

Kridhan Infra Ltd appoints Ms. Rajeshree Mishra as CFO

NELCO Ltd board to approve dividend, Q4, FY19 results on April 27, 2019

Shilp Gravures Ltd board to consider FY19 results on April 27, 2019

Gravita Tanzania Ltd commences Commercial Production of Lead from its Plant situated at Tanzania, East Africa

Maithan Alloys Ltd board to announce Q4, FY19 results on April 30, 2019







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019