Deep Industries jumps on getting LoA from GSPC LNG

Deep Industries is currently trading at Rs. 158.35, up by 12.75 points or 8.76% from its previous closing of Rs. 145.60 on the BSE.

The scrip opened at Rs. 150.25 and has touched a high and low of Rs. 162.75 and Rs. 150.25 respectively. So far 7468 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 174.55 on 06-Oct-2021 and a 52 week low of Rs. 35.00 on 27-Apr-2021.

Last one week high and low of the scrip stood at Rs. 162.75 and Rs. 141.15 respectively. The current market cap of the company is Rs. 465.92 crore.

The promoters holding in the company stood at 63.99%, while Institutions and Non-Institutions held 5.93% and 30.08% respectively.

Deep Industries has received Letter of Award (LoA) from GSPC LNG (GLL) for hiring of Gas Compression Services (MSO Package) at GSPC LNG Terminal, Mundra, Gujarat, India for a period of 5 years which was received by the company on December 29,2021. The total estimated value of the said award is approximate Rs 44.40 crore.

Deep Industries is leading solution provider in energy sector. The company is specialized in providing Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services, and also having expertise in Integrated Project Management Services.

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