Deep Industries rose 1.68% to Rs 142.20 after the company bagged an order from Vedanta worth Rs 83.53 crore.
On Friday, 17 December 2021, Deep Industries has received a letter of award (LoA) from Vedanta for its Integrated Oil & Gas facility to be placed in single well pad at Jaya Field in Cambay Oalp Block (along with its operation and maintenance for a period of 3 years) for a total estimated value of approximately Rs 83.53 crore.
On a consolidated basis, Deep Industries' net profit stood at Rs 21.33 crore in Q2 FY22 as compared to a net loss of Rs 2.04 crore in Q2 FY21. Net sales stood at Rs 91.27 crore in Q2 September 2021, registering a 95.9% growth from Rs 46.60 crore in Q2 September 2020.
Deep Industries has grown up to be a "one stop solution" provider for every need in oil and gas field operations by catering various equipment and services under rental and chartered-hire basis.
Shares of Vedanta declined 3.28% to Rs 321.45 on BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app