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Deep Industries gets LoA worth around Rs 90.70 crore

04 Jan 2025 Evaluate

Deep Industries has received Letter of Award (LoA) from Oil and Natural Gas Corporation for charter hiring of one number of 100MT Workover Rig for a period of 7 years for Assam Asset. The total estimated value of the said award is around Rs 90.70 crore.

Earlier, the company had received LoA from Selan Exploration Technology for Integrated Drilling Services for Selan operated blocks for a period of 18 months.

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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