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Deep Industries receives LoA from Oil and Natural Gas Corporation

23 Feb 2023 Evaluate

Deep Industries has received Letter of Award (LoA) from Oil and Natural Gas Corporation on February 22, 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 around Rs 106 crore.

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.

Deep Industries is leading solution provider in energy sector. The company is specialized in providing Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services, and also having expertise in Integrated Project Management Services.

Peers
Company Name CMP
ONGC 232.50
Oil India 492.20
Jindal Drilling&Inds 594.55
Deep Industries 744.65
Aban Offshore 14.26
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