Rs 3,050 Crore Order Book: Oil & Gas Field Services Provider Receives Order Worth Rs 108 Crore from GAIL (India) Ltd

On Wednesday, shares of Deep Industries Ltd jumped 7.31 per cent to an Intraday high of Rs 373.75 per share from its previous closing of Rs 348.30 per share. The stock has a 52-week high of Rs 594.90 per share and a 52-week low of Rs 332.30 per share.

Deep Industries Ltd, a leading oil and gas field services provider, has secured a significant domestic contract from GAIL (India) Ltd valued at approximately Rs 108 crore. The award entails the hiring of a compression facility at the RT-USAR Plant, highlighting the company’s ongoing role in supporting major national energy infrastructure. This project is scheduled for execution over a period of 880 days, further solidifying Deep Industries' Order Book and its operational footprint within the domestic market.

About the Company

Deep Industries Ltd, incorporated in 1991, specialises in oil and gas field services, focusing on air and gas compression, drilling, workover, and gas dehydration services. The company holds a dominant position in post-exploration services, covering over 70 per cent of the market. Its business segments include the Gas Compression Division, where it is the largest service provider in India, and the Gas Dehydration Division, offering systems on a build, own, and operate basis. The Drilling and Workover Services segment maintains long-term contracts with major PSUs and private companies. Deep Industries also provides integrated project management services, executing turnkey solutions for well drilling and completion.

Deep Industries Limited has a market capitalisation of over Rs 2,400 crore and has a robust order book of Rs 3,050 crore with significant contracts from ONGC and Oil India. The stock is up by 12.5 per cent from its 52-week low of Rs 332.30 per share.

Disclaimer: The article is for informational purposes only and not investment advice.