Deep Industries Bags Rs49 Cr ONGC Contract for 5-Year Gas Compression Services
India, July 7 -- India's top state-owned exploration company is finalising a multi-year processing mandate while day traders pursue volume spikes. Today, Deep Industries Limited announced a new long-term sovereign award for a multi-crore natural gas compression deal that locks in high-visibility recurring revenue through 2031, lighting up regulatory boards.
Deep Industries Ltd is currently trading at Rs 444.8. The stock opened at Rs 459.05, reached a day's high of Rs 459.05, and has so far recorded a day's low of Rs 434.1. The current market capitalisation of the company is Rs 2,842 crore, and it is trading at a P/E ratio of 7.66, which is much lower than the industry peer median of 14.9.
What Does the Order Involve?
Deep Industries has...
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