 "Deep Industries surges on bagging order from ONGC")
Deep Industries surged 14% to Rs 146 on the BSE after the company announced that it has received an order worth of Rs 247 crore from state-owned oil exploration & production company Oil And Natural Gas Corporation (ONGC).
“The company has received notification of award for hiring of gas dehydration system for four (04) production installations for a period of 5 Years at ONGC Rajamundry Asset viz. Tatipaka GCS, Kesanapalli GCS, KPDA EPT & Endamuru GCS,” Deep Industries said in a statement.
The total estimated value of the said award is of Rs 246.88 crore, it added.
Shares of Deep Industries hit an intra-day high of Rs 148 and have seen 1.61 million shares changing hands on the BSE and NSE till 01:11 PM. ONGC was up 3.4% at Rs 214 on the BSE.
“The company has received notification of award for hiring of gas dehydration system for four (04) production installations for a period of 5 Years at ONGC Rajamundry Asset viz. Tatipaka GCS, Kesanapalli GCS, KPDA EPT & Endamuru GCS,” Deep Industries said in a statement.
The total estimated value of the said award is of Rs 246.88 crore, it added.
Shares of Deep Industries hit an intra-day high of Rs 148 and have seen 1.61 million shares changing hands on the BSE and NSE till 01:11 PM. ONGC was up 3.4% at Rs 214 on the BSE.
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