Deep Industries soars on receiving LoA from Oil and Natural Gas Corporation
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Deep Industries is currently trading at Rs. 277.20, up by 2.40 points or 0.87% from its previous closing of Rs. 274.80 on the BSE.
The scrip opened at Rs. 275.85 and has touched a high and low of Rs. 279.00 and Rs. 272.75 respectively. So far 2545 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 322.50 on 10-Oct-2022 and a 52 week low of Rs. 165.00 on 25-Feb-2022.
Last one week high and low of the scrip stood at Rs. 292.15 and Rs. 272.65 respectively. The current market cap of the company is Rs. 890.08 crore.
The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 1.60% and 34.90% respectively.
Deep Industries has received Letter of Award (LoA) from Oil and Natural Gas Corporation on February 22, 2023 for Hiring of 1 numbers of 1000 HP Mobile Drilling Rigs for Ahmedabad Asset for a period of 3 years. The total estimated value of the said award is around Rs 106 crore.
The company shall provide mobile Drilling Rigs of 1000 HP and Equipment together with providing of manpower in terms of roustabouts etc for maintaining the mud systems as per the requirement of the job.
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.
