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Deep Industries gets LoA worth Rs 83.81 crore from ONGC

20 Jun 2026 Evaluate

Deep Industries has received a Letter of Award (LoA) for charter hiring services for gas compression from Oil and Natural Gas Corporation (ONGC) at Lakhmani GGS-5, Assam Asset for a period of three years. The total estimated value of the said award is around Rs 83.81 crore.

Earlier, the company had received an extension of the contract from Antelopus Selan Energy (formerly known as Selan Exploration Technology) for providing Integrated Drilling Services for further period of 30 months commencing from July 1, 2026. 

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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