Deep Industries Bags ₹453.3 Cr Contract—Strengthens Energy Services Pipeline

Deep Industries Ltd., a leading player in oilfield and energy services, has secured a Letter of Award (LoA) worth ₹453.3 crore, marking a significant boost to its order book. While the company has not disclosed the client’s name, the award is expected to cover long-term gas compression and related infrastructure services, aligning with Deep’s core expertise in natural gas compression, workover rigs, and integrated project management.

 

This development reinforces Deep’s strategic focus on energy infrastructure and upstream services, especially as India accelerates its domestic gas production and transmission capabilities. The company has been actively expanding its footprint across ONGC and Oil India projects, and this new contract is likely to enhance revenue visibility over the next 3–5 years.

 

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Source: Economic Times