Deep Industries Wins ₹83.81 Crore ONGC Contract

Key Highlights • Secured a contract from Oil and Natural Gas Corporation (ONGC). • Contract Value: Approximately ₹83.81 Crore. • Scope of Work: Charter hiring services for gas compression. • Project Location: Lakhmani GGS-5, Assam Asset in Assam. • Contract Duration: 3 years. What It Means • Strengthens Deep Industries' order book and revenue visibility. • Reinforces the company's presence in the gas compression and oilfield services segment. • Long-term contract duration provides a steady stream of business over the next three years. Additional Details • Contract was awarded in the ordinary course of business. • No promoter, group company, or related-party involvement in the transaction. Learning Outcome For oilfield service companies, long-duration contracts from large clients such as ONGC provide revenue visibility, improve capacity utilization, and strengthen future earnings prospects.