Deep Industries spurts as subsidiary gets awarded 3 blocks under NELP IX

Deep Energy Resources Ltd. - (Amalgamated) | Oil Exploration | Oil & Gas | BSE: 532760 | NSE: DEEPENR

27 Mar 2012 Evaluate

Deep Industries is currently trading at Rs. 64.60, up by 0.90 points or 1.41% from its previous closing of Rs 63.70 on the BSE.

The scrip opened at Rs 64.95 and has touched a high and low of Rs 67.00 and Rs 63.55 respectively. So far 37993 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs. 91.40 on 21-Jul-2011 and a 52 week low of Rs. 52.30 on 25-May-2011.

Last one week high and low of the scrip stood at Rs. 66.90 and Rs. 60.15 respectively. The current market cap of the company is Rs. 151.34 crore.

The promoters holding in the company stood at 54.83 % while Institutions and Non-Institutions held 2.70 % and 42.47 % respectively.

Deep Industries’ subsidiary - Deep Energy, LLC and Deep Natural Resources, have been awarded 3 blocks under New Exploration Licensing Policy (NELP IX) of Government of India. The first block VN-ONN-2010/1 covering 3,776 square kilometer is located at Vindhyan Basin in Madhya Pradesh and the block is awarded in consortium to Deep Energy and KGN Industries.

The second block VN-ONN-2010/2 covering 4,909 square kilometer is located at Vindhyan Basin in Madhya Pradesh and the block is awarded in consortium to Deep Energy, Deep Natural Resources and Safal WSB Energy.

Further, the third block CB-ONN-2010/3 covering 782 square kilometer is located at Cambay Basin in Gujarat and the block is awarded in consortium to Deep Energy and KGN Oil & Gas.

Deep industries is well diversified Oil & Gas Company with business interest in air and gas compression, drilling, work over and oil & gas exploration and production. It is the largest private sector natural gas compression company in India.

Deep ene (Amalgamat) Share Price

310.05 0.00 (0.00%)

24-Sep-2024 16:01 View Price Chart

Peers

Company Name	CMP
ONGC	233.20
Oil India	407.50
Jindal Drilling&Inds	552.75
Deep Industries	475.55
Asian Energy Service	368.45
View more..

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