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Deep Industries Wins Rs 1.30bn Order from ONGC

Deep Industries announced that it has received a Letter of Award from Oil and Natural Gas Corporation Limited (ONGC) for charter hiring of one 90 MT mobile drilling rig with Integrated mud services and METP with Manpower for CBM Asset, Bokaro.

 

The total estimated value of the award is approximately Rs 1.30 billion, the company said in a regulatory filing.

 

The order is to be executed in three years from the commencement date of contract.

 

“The Company shall provide complete drilling rig and equipment conforming to the broad and general standards as mentioned in the technical specifications of the tender document,” it said.

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