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Deep Industries bags Letter of Award for Rs68cr project from ONGC; Stock climbs 2.5%

The award is for hiring CBM Gas Compression and C02 removal facilities for a period of 3 years from GCS - Bokaro, CBM Asset, ONGC, Bokaro.

November 29, 2021 11:04 IST | India Infoline News Service
Deep Industries Limited has received a Letter of Award (LOA) from Oil and Natural Gas Corporation Limited (ONGC), for the hiring of CBM Gas Compression and C02 removal facilities for a period of 3-years from GCS - Bokaro, CBM Asset, ONGC, Bakaro, and the total estimated value of the said Award is approximate Rs67.99cr.

The company stock was bvullish and at around 11.08 am, Deep Energy Resources Ltd was trading at Rs147.00 per piece up Rs3.60 or 2.51% from its previous closing of Rs143.40 on the BSE.

The stock opened at Rs148 per piece and touched a day's high of Rs152.15 per piece and low of Rs143.40 per piece.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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