Announced Tue, 7 Jul · 11:18 IST
Deep Industries wins INR 49.10 cr ONGC gas compression contract for 5 years
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
-0.6%1-day move
₹455.25
prior close
₹440.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.6+1.2+1.3-0.6-0.4+2.0+1.5+2.2+4.3————
Up moveDown movePending
AI summary
Deep Industries has received a Letter of Award from Oil and Natural Gas Corporation Limited (ONGC) for charter hiring services for Natural Gas Compression at GGS Paliyad, Ahmedabad asset. The contract is for 5 years with an estimated total value of about INR 49.10 crores. It is a domestic order, not a related party transaction, and is in the ordinary course of business.
Likely market impact
Adds a 5-year revenue stream of about INR 49.10 crores from a government-owned client, improving order book visibility and earnings stability.