Deep Industries Shares Soar 8% on Rs 59 Crore ONGC Order Win

• Deep Industries shares surged 8% intraday on April 7 after securing a Letter of Award from ONGC.
• The order, valued at Rs 59 crore, is for hiring services of Natural Gas Compressor, Gas Dehydration & HC Dew Point Depression.
• The services will be provided for Malleswaram of ONGC, Rajamundry Asset, for a period of three years.
• Deep Industries was trading at Rs 482.20, up 8.14 percent, on the BSE.
• The company also recently signed an MOU with Advait Greenergy for Green Hydrogen projects.

Key Questions Answered

What is the future outlook for Deep Industries?

Deep Industries' future outlook appears positive, driven by recent order wins and strategic MoUs.

How will this ONGC order impact revenue?

Deep Industries received a Rs 59 crore order from ONGC for hiring services for a period of three years.