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Deep Industries bags order worth Rs 3.72 crore from ONGC

23 Jun 2017 Evaluate

Deep Industries has bagged contract from ONGC. The contract is for securing the services of 30 Tons Workover Rig to be deployed in ONGC CBM Asset, Bokaro. The tenure of the contract is 1 year and the total estimated value of the said contract is Rs 3.72 crore.

The company continues to participate in the growing services business in the Indian On-shore Gas market and with its proven capabilities is confident of emerging a significant beneficiary of the vast opportunities this sector has on offer.

Deep Industries has been serving the industry in various segments with the foremost being providing Air & Natural Gas Compressor Services on chartered hire basis, wherein company commands a healthy market position and is also the first company in India to offer such services.

Peers
Company Name CMP
ONGC 237.95
Oil India 479.00
Jindal Drilling&Inds 591.05
Deep Industries 766.55
Asian Energy Service 474.30
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