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Deep Industries to set down 50% stake in Singrauli coal block

29 Oct 2012 Evaluate

Deep Industries, an Ahmedabad-based company is planning to set down up to 50% participatory interest in Singrauli coal bed methane (CBM) block. At present it holds 90% participatory interest in the exploratory asset. In consortium with the US-based Coal Gas Mart during the third bidding round in 2006, it was awarded with two blocks - Singrauli in Madhya Pradesh and Godavari Valley (North) in Andhra Pradesh.

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%)
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Peers
Company Name CMP
ONGC 283.35
Oil India 471.35
Jindal Drilling&Inds 542.35
Deep Industries 477.70
Asian Energy Service 315.25
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