Deep Industries trades higher on receiving letter of award from Vedanta

Deep Industries is currently trading at Rs. 142.90, up by 3.05 points or 2.18% from its previous closing of Rs. 139.85 on the BSE.

The scrip opened at Rs. 144.20 and has touched a high and low of Rs. 144.20 and Rs. 142.90 respectively. So far 410 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. 155.00 and Rs. 137.00 respectively. The current market cap of the company is Rs. 457.28 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 from Vedanta for Integrated Oil & Gas Facility to be placed in single well pad at Jaya Field in Cambay Oalp Block and its operation and maintenance for a period of 3 years on December 17, 2021. The total estimated value of the said award is around Rs 83.53 crore,

The company 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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