Deep Industries Limited has informed the Exchange about General Updates
DEEPINDS · price
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Awaiting price reaction for this filing.
A gas leak occurred during workover operations at Well Mori #5 in Andhra Pradesh, operated by Deep Industries Limited (DIL) under ONGC's production enhancement contract. Shortly after re-perforating the well, it kicked and showed uncontrolled flow. Senior teams from DIL and ONGC are on-site working to control the well. No injuries or loss of life have been reported, the surrounding area has been secured, and cooling operations have begun. Safety measures were reportedly in place before the re-perforation, as the reservoir had been tested earlier.
This is an operational incident at a single ONGC-contracted well and may cause a temporary disruption to work at that site. With no injuries and active containment underway, the immediate human and reputational risk looks limited, but shareholders should watch for follow-up updates on well control, any production/financial impact, and whether costs are absorbed by DIL or ONGC.