Deep Industries Limited has officially taken over the charge of mature oil and gas fields at the Rajahmundry Asset for production enhancement operations, effective April 3, 2025. This follows the Letter of Award (LoA) received from Oil and Natural Gas Corporation Limited (ONGC) on September 7, 2024.
The contract spans 15 years and aims to boost production efficiency in mature fields through advanced technological interventions. As a leading provider of energy solutions, Deep Industries is expected to leverage its expertise to optimize extraction and maximize output, reinforcing India’s energy security.
This milestone marks a significant step in Deep Industries’ expansion strategy, strengthening its foothold in the oil and gas sector.
In the meantime, Deep Industries’ stock closed at ₹501.25 today. The stock opened at ₹503.90, touched a high of ₹509.95, and hit a low of ₹495.00. It remains significantly below its 52-week high of ₹624.40 but well above its 52-week low of ₹243.00.
