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Deep Industries’ arm enters into Joint Venture Agreement with Simplex Infrastructures

14 May 2025 Evaluate

Deep Industries’ subsidiary -- Breitling Drilling has entered into a Joint Venture Agreement with Simplex Infrastructures with the object of creating business synergies for capturing prospective growth opportunities. 

As per the terms of Joint Venture Agreement, 74% of the equity shares/voting rights will be owned by the company and remaining 26% will be held by Simplex Infrastructures.

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 225.40
Oil India 454.00
Jindal Drilling&Inds 509.25
Deep Industries 692.95
Asian Energy Service 439.75
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