Gujarat-based Deep Industries Ltd has notified that the company has secured a Letter of Award from Oil and Natural Gas Corporation (ONGC), Ahmedabad Asset for hiring the services of compression of natural gas at Ramol GGS.

The order work includes hiring the services of compression of natural gas at Ramol GGS for Ahmedabad Asset. The contract is valued at Rs 7.75 crore.

Deep Industries Limited operates as a diversified oil and gas company with business interests in air and gas compression, drilling, and work over rigs. It offers various contract compression services, including supply of equipment, commissioning, and operation and maintenance services.

The scrip of the company today closed at Rs 88, up 1% compared to its previous close.