Deep Industries stock spurts after order win from ONGC

The total estimated value of the said award at ~Rs18cr, the company added.

Apr 12, 2019 01:04 IST India Infoline News Service

Deep Industries
Shares of Deep Industries rose 2% in the afternoon session as the company has received Letter of Award from ONGC.

“The company has received Letter of Award from ONGC, for Charter Hiring of 01 No. of 50 MT Work Over Rig for Ahmedabad Asset for Category-2 for a period of three years,” the company said.

The total estimated value of the said award is at ~Rs18cr, the company added.

Deep Industries Ltd is currently trading at Rs140.55, up by Rs3.15 or 2.29% from its previous close of Rs137.40 on the BSE. The scrip opened at Rs138 and has touched a high and low of Rs143.20 and Rs137 respectively.

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