DEEP Industries Ltd receives LoA from ONGC

DEEP Industries Ltd has received Letter of Award from Oil and Natural Gas Corporation Limited (ONGC) yesterday i.e on 22-02- 2023 for Hiring of 1 numbers of 1000 HP Mobile Drilling Rigs for Ahmedabad Asset for a period of 3 years. The total estimated value of the said award is approximately USD 12.93 Mn equivalent to approximately INR 106 crores.

The Company shall provide mobile Drilling Rigs of 1000 HP and Equipment together with providing of manpower in terms of roustabouts etc for maintaining the mud systems as per the requirement of the job.

Shares of Deep Industries Ltd was last trading in BSE at Rs. 274.80 as compared to the previous close of Rs. 277.30. The total number of shares traded during the day was 4991 in over 407 trades.

The stock hit an intraday high of Rs. 282.65 and intraday low of 272.65. The net turnover during the day was Rs. 1376121.00.

Shares of Oil & Natural Gas Corporation Limited was last trading in BSE at Rs. 153.45 as compared to the previous close of Rs. 154.10. The total number of shares traded during the day was 457580 in over 5913 trades.

The stock hit an intraday high of Rs. 154.40 and intraday low of 151.75. The net turnover during the day was Rs. 69990711.00.

Source : Equity Bulls

Keywords

DeepIndustries INE0FHS01016 ONGC LOA OrderWin OilandNaturalGasCorporation INE213A01029