Deep Industries Share Price in Focus on ₹45.33 Crore Contract from Oil India

Deep Industries Limited has announced the receipt of a significant contract from Oil India Limited for the deployment of a mobile workover rig package in Rajasthan. The contract will span a duration of 3 years and is valued at approximately ₹45.33 crore.

Major Domestic Deal with Oil India

On June 26, 2025, Deep Industries Limited informed the BSE and NSE about receiving a Letter of Award from Oil India Limited. The contract involves the hiring of one mobile workover rig package, specifically for operations in Rajasthan. The project is slated for a period of three years and carries an estimated value of ₹45.33 crore.

The order was awarded by a domestic entity, Oil India Limited, and pertains strictly to the hiring of specialised equipment. This award falls under the ordinary course of business for Deep Industries and is not considered a related party transaction.

About Deep Industries 

Established in 1991, Deep Industries Ltd operates in the Oil and Gas field services sector. The company offers a range of specialised solutions, including Air and Gas Compression Services, Drilling and Workover Services, and Gas Dehydration Services. Additionally, Deep Industries extends its expertise to provide integrated project management services within the energy sector.

Read More: Crude Oil Prices Rebound Slightly in Asia Amid Signs of Strong U.S. 

Deep Industries Share Price Performance 

As of 27 June 2025, 9:40 AM, Deep Industries shares are trading at ₹453.30 per share, a surge of 0.53%.

Conclusion

The award from Oil India Limited marks another important milestone in Deep Industries' service portfolio, reflecting its capability in executing domestic energy infrastructure contracts. With the ₹45.33 crore project, the company reinforces its presence in the Indian oilfield services sector.

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