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Deep Industries gets LoA worth Rs 62 crore

20 Dec 2024 Evaluate

Deep Industries has received Letter of Award (LoA) from Selan Exploration Technology for Integrated Drilling Services for Selan operated blocks for a period of 18 months. The total estimated value of the said award is $7.30 million equivalent to around Rs 62 crore.

In September, the company had bagged order valued at Rs 1,402 crore from Oil and Natural Gas Corporation (ONGC).

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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