Bagging/Receiving of orders/contracts

Deep Industries Limited has announced securing a Letter of Award (LoA) from Oil and Natural Gas Corporation Limited (ONGC). The contract is for charter hiring services for gas compression at ONGC's Lakhmani GGS-5, Assam Asset. This engagement is for a period of three years, with an estimated total value of approximately INR 83.81 crores. This significant order provides a substantial revenue stream for Deep Industries and strengthens its business relationship with a major client like ONGC, which is positive for investors.