Deep Industries rises on getting LoA worth Rs 62 crore
Deep Industries is currently trading at Rs. 612.95, up by 10.75 points or 1.79% from its previous closing of Rs. 602.20 on the BSE.
The scrip opened at Rs. 613.70 and has touched a high and low of Rs. 618.20 and Rs. 606.20 respectively. So far 1680 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 620.00 on 18-Dec-2024 and a 52 week low of Rs. 226.85 on 13-Feb-2024.
Last one week high and low of the scrip stood at Rs. 620.00 and Rs. 570.95 respectively. The current market cap of the company is Rs. 3854.08 crore.
The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 2.08% and 34.43% respectively.
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.
