Deep Industries Limited — New Orders, 19-12-2024: Awarding of order(s)/contract(s)

Deep Industries has received a Letter of Award from Selan Exploration Technology Limited for Integrated Drilling Services in Selan-operated blocks, valued at approximately USD 7.30 million (around INR 62 crores). The contract is set for an execution period of 18 months, indicating a positive outlook for the company’s revenue stream from this domestic partnership. There are no disclosed interests from promoters in the awarding entity, and the deal falls within the normal course of business, ensuring compliance and mitigating concerns regarding potential conflicts. This development highlights Deep Industries' operational activity and capability in securing significant contracts, which may enhance investor confidence. Watch closely for updates as the execution progresses.