Deep Industries Limited has informed the Exchange about Bagging/Receiving of orders/contracts
DEEPINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deep Industries Limited has received a contract extension from Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited) for providing Integrated Drilling Services. The extended contract is for 30 months starting July 1, 2026, with a total estimated value of USD 8.28 million, equivalent to approximately INR 78 crores. This is a domestic contract and is stated to be in the ordinary course of business. The company has confirmed no related party transaction and no promoter group interest in the awarding entity.
This contract extension provides revenue visibility for the next 30 months, which is positive for the company's order book. The INR 78 crore deal represents a meaningful addition to the company's pipeline, though investors would need to compare this against annual revenues to assess materiality.