Deep Industries (DIL) has acquired 74% equity stake of Breitling Drilling (BDPL) and consequently it becomes a subsidiary of Deep Industries. The proposed investment in BDPL is expected to bring more operational efficiencies of the company. This investment will help DIL in developing more service offerings and strengthening the organization. The Company has made an aggregate investment of upto Rs 7,400 in BDPL through subscription to its shares.
BDPL is engaged in the business of providing and operating rigs, vessels, ships, structure, oil/ gas/ CBM/shale/ hydrocarbons field services such as mud engineering, mud logging, cementing, hydro-fracturing, work-over, testing, wire line logging inspection, repairs and reconditioning of tubular, and handling of oil for oil and natural gas industry in India.
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.
| Company Name | CMP |
|---|---|
| ONGC | 283.95 |
| Oil India | 470.10 |
| Jindal Drilling&Inds | 540.15 |
| Deep Industries | 476.90 |
| Asian Energy Service | 306.05 |
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