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Deep Industries bags LoA from ONGC for order worth Rs40.73 crore

The LoA is for a period of 3 years and the total estimated value of the said Award is approximate Rs40.73 crore.

April 12, 2022 3:08 IST | India Infoline News Service
Deep Industries Ltd stocks in focus on Tuesday after the announcement in respect of Letter of Award received from Oil and Natural Gas Corporation Limited (ONGC).

As per regulatory filing, the Company has received Letter. of Award from Oil and Natural Gas Corporation Limited (ONGC), for hiring of Gas Compression Services of 3.0 LSCMD capacity at Sobhasan CTF for a period of 3 years and the total estimated value of the said Award is approximate Rs40.73 crore.

At around 3:12 PM, Deep Industries was trading at Rs263.50 per piece lower by 0.25% on Sensex.

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