Deep Industries Share Price in Focus; Secures ₹83.81 Crore Contract from ONGC for Gas Compression Services

Deep Industries Limited share price is likely to be in focus as it announced the receipt of a Letter of Award from Oil and Natural Gas Corporation Limited (ONGC) for providing charter hiring services for gas compression at Lakhmani GGS-5, Assam Asset, as per the exchange filing. The contract is valued at approximately ₹83.81 crore and spans a period of 3 years. 

Details of the ONGC Contract 

The contract awarded by ONGC involves charter hiring services for gas compression at the Lakhmani GGS-5, Assam Asset.  

This domestic contract is valued at approximately ₹83.81 crore and is set to be executed over a 3-year period. The award is part of Deep Industries' ordinary course of business. 

Contract Terms and Execution 

The contract, awarded by a domestic entity, outlines the provision of gas compression services. Deep Industries will execute the contract over 3 years, with the total estimated value being ₹83.81 crore. The company confirmed that the promoter group has no interest in ONGC, and the contract does not fall within related party transactions. 

Financial Implications and Company Statement 

Deep Industries has confirmed that the contract is valued at ₹83.81 crore. The company, through its Company Secretary and Compliance Officer, Shilpa Sharma, stated that the award is in the ordinary course of business. The company has requested the stock exchanges to take note of this development. 

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Deep Industries Share Price Performance 

As of June 19, 2026, at 3:30 PM, Deep Industries share price on NSE was closed at ₹487.05, down by 1.06% from the previous closing price. 

Conclusion 

Deep Industries Limited has secured a ₹83.81 crore contract from ONGC for gas compression services at Lakhmani GGS-5, Assam Asset. The 3-year contract is a domestic award and is part of the company's ordinary business operations. 

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