Deep Industries has recently informed the exchanges that it received a Letter of Award from Oil and Natural Gas Corporation Limited for production enhancement operations in mature fields at Rajahmundry Asset for 15 years. The overall estimated value of this award is around Rs 1,402 crores.
Here are the key details of the contract:
- Total Contract Value: Rs 1,402 crores.
- Awarding Entity: Oil and Natural Gas Corporation Limited
- Domestic or International: Domestic Entity
- Execution Timeframe: 15 years
- Significant terms and conditions of order: Production Enhancement Operations in Mature Fields at Rajahmundry Asset
Deep Industries Limited was founded in 1991 with the sole goal of fulfilling the growing need for the oil and gas industry. The company has been serving the industry in a variety of segments since its establishment, the most prominent of which is providing Air & Natural Gas Compressor Services on a chartered hire basis, for which the company commands an excellent market place and is also the first company in India to offer such services.
