Cairn India announces LOA for Deep Industries
Shital Jibhe / 21 Jan 2017
The LOA is for a contract for provision of services of gas engine driven reciprocating compressors packages on rental basis for Raageshwari Deep Gas (RDG) gas development project.
Deep Industries, an oil and gas field service provider, announced that it has received letter of award (LOA) from Cairn India.
The LOA is for a contract for provision of services of gas engine driven reciprocating compressors packages on rental basis for Raageshwari Deep Gas (RDG) gas development project. The tenure of the project is of one year from the date of its commencement. The project is estimated to be worth Rs 36.72 crore.
Along with oil and gas fields, Deep Industries is also into business of exploration and production. Its major service comprises of support activities for petroleum and natural gas mining. The stock of Deep Industries is likely to remain in focus on January 23, 2017 trade. The stock had witnessed a fall for two consecutive prior sessions after hitting its 52 week high.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.