The buying on the counter came after the company entered into a memorandum of understanding (MoU) with Advait Greenergy Pvt Ltd (AGPl) to jointly bid for and execute green hydrogen project tenders
The brokerage noted that upstream players benefit from stronger realisations, while integrated players, such as Reliance, can be supported by stronger refining and petrochemical economics
According to the filing, Well Mori #5 is operated by Deep Industries under ONGC's production enhancement activities
Earlier in April, Deep Industries had announced that it had received a letter of award from ONGC for production enhancement operations in the Mature Fields at the Rajahmundry Asset