Deep Industries stock rallies 3% after ~Rs72 crore order win from Oil India

Deep Industries Limited stocks in the fast lane as the company received Letter of Award from Oil India Limited.

As per the filing, the com[any has received Letter of Award from Oil India Limited (Formerly known as Deep CH4 Limited) on October 08, 2022, for charter hiring of 02 Nos. 550 HP (Min)- 750 HP(Max) Capacity Workover Rigs for a period of 03 (Three) years.

Further, the total estimated value of the said Award is approximately Rs71.64 crore.

At around 10:21 AM, Deep Energy Resources Ltd is currently trading at Rs143.15 per share up by Rs4.25 or 3.06% from its previous closing of Rs138.90 per share on the BSE.

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