Deep Industries wins ₹83.81 Cr ONGC order for gas compression
Deep Industries secured a ₹83.81 crore order from ONGC for charter hiring services at Lakhmani GGS-5, Assam Asset, for three years. The transaction is in the ordinary course of business with no related party interest.

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Deep Industries has secured a Letter of Award worth approximately ₹83.81 crore from Oil and Natural Gas Corporation Limited for charter hiring services. The contract entails providing gas compression services at Lakhmani GGS-5 within the Assam Asset for a duration of three years. This award is part of the company's ordinary course of business and does not involve any related party transactions.
The order was issued by a domestic entity, confirming that the transaction falls within the standard operational scope for Deep Industries. The company explicitly stated that neither the promoter group nor group companies hold any interest in the entity awarding the contract. Furthermore, the transaction was conducted at arm's length and is not classified as a related party transaction.
Order Details
The following table outlines the key specifics of the contract awarded to Deep Industries:
| Parameter | Details |
|---|---|
| Client | Oil and Natural Gas Corporation Limited |
| Nature of Order | Charter hiring services for gas compression |
| Location | Lakhmani GGS-5, Assam Asset |
| Duration | Three (03) Years |
| Estimated Value | ₹83.81 crore |
| Entity Type | Domestic |
The disclosure was submitted to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shilpa Sharma, Company Secretary & Compliance Officer, signed the intimation on June 20, 2026.
Historical Stock Returns for Deep Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.06% | -3.29% | +8.96% | +10.33% | +14.20% | +1,114.59% |
How will this new contract impact Deep Industries' revenue growth for the current fiscal year?
What are the potential margin implications for gas compression services in the Assam region?
Could this award lead to further opportunities with ONGC or other oil and gas companies?

































