Announced Sat, 20 Jun · 13:16 IST
Deep Industries bags INR 83.81 cr ONGC gas compression contract
DEEPINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹488.50
prior close
₹493.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.6+0.9+0.8-0.1-1.8-0.5-3.5-5.1-7.1-6.9-4.8-3.8——
Up moveDown movePending
AI summary
Deep Industries has received a Letter of Award from ONGC for charter hiring services for gas compression at Lakhmani GGS-5 in the Assam Asset. The contract is worth approximately INR 83.81 crores spread over three years. The order is from a domestic public sector entity and falls in the ordinary course of business, with no related party involvement.
Likely market impact
New three-year order from government PSU ONGC strengthens revenue visibility and order book, mildly positive for the stock.