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ONGC Awards Gas Compression Services Order to Deep Industries

Deep Industries has received a letter of award (LoA) from Oil and Natural Gas Corporation (ONGC) for providing charter hiring services.

Under the agreement, the company will deploy natural gas compression solutions at the GGS Paliyad facility under ONGC’s Ahmedabad asset, helping enhance operational efficiency and optimize hydrocarbon output.

The contract, valued at approx. Rs 49.10 crore, has a tenure of five years. The latest contract adds to the company’s order book and provides long-term revenue visibility through its multi-year execution period.

Timely execution of the contract is expected to contribute to efficient field performance and strengthen the company’s position in the domestic energy services segment.

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