Extension of contract from Antelopus Selan Energy Limited (Formerly known as Selan Exploration Technology Limited)
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Deep Industries Ltd has received a 30-month contract extension from Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited) for providing Integrated Drilling Services. The extension commences from 1st July 2026 and has a total estimated value of USD 8.28 million, equivalent to approximately INR 78 crores. This contract is awarded by a domestic entity and is in the ordinary course of business. The company has confirmed there is no related party transaction or promoter group interest in the awarding entity.
This extension secures approximately INR 78 crores of revenue visibility over the next 30 months, providing steady cash flows for the company. The USD-denominated contract also offers some currency diversification benefit.