DEEP INDUSTRIES: Receives ONGC LOA Worth ₹83.8 Crore

1. New Contract Award – Deep Industries has received a Letter of Award (LoA) from Oil and Natural Gas Corporation valued at approximately ₹83.8 crore. 2. Strengthens Order Book – The contract adds to the company’s existing order pipeline which is above ₹3000 crores, enhancing revenue visibility over the execution period. 3. ONGC Partnership – The award reinforces Deep Industries’ long-standing relationship with ONGC, India’s largest upstream oil & gas producer. 4. Positive Business Outlook – The order highlights continued demand for Deep Industries’ oilfield services and supports the company’s growth prospects in the energy sector. * FY27 revenue guidance: ~₹1,100 crore. * Expected growth: 25–30% annually over FY27–FY28. * Order book-to-revenue ratio: Nearly 3x FY27 revenue guidance, providing strong multi-year revenue visibility. $DEEPINDS