Deep Industries Limited — New Orders, 03-01-2025: Awarding of order(s)/contract(s)

Deep Industries Limited has received a Letter of Award from Oil and Natural Gas Corporation Ltd for charter hiring a 100MT Workover Rig for seven years at the Assam Asset. The estimated value of this award is approximately ₹90.70 crores. This development signifies a strategic partnership that could enhance the company's operational capabilities in the oil and gas sector. Given the contract's duration and potential revenue contribution, it presents a positive outlook for the company's future performance and market positioning. Investors should watch closely for future growth driven by this long-term engagement.