Deep Industries trades jubilantly on bagging order worth Rs 1,402 crore
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Deep Industries is currently trading at Rs. 457.75, up by 60.10 points or 15.11% from its previous closing of Rs. 397.65 on the BSE.
The scrip opened at Rs. 449.95 and has touched a high and low of Rs. 473.55 and Rs. 442.00 respectively. So far 285045 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 473.55 on 09-Sep-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. 473.55 and Rs. 370.05 respectively. The current market cap of the company is Rs. 2890.24 crore.
The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 2.11% and 34.40% respectively.
Deep Industries (DIL) has bagged order valued at Rs 1,402 crore from Oil and Natural Gas Corporation (ONGC). The contract is for Production Enhancement Operations in the mature fields of ONGC's Rajahmundry Asset and spans a duration of 15 years. This is the largest project awarded to the company to date, more than doubling its current order book. As on June 30, 2024, the company’s order book stood at Rs 1,246 crore.
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.
