Deep Industries Limited has announced securing a significant contract from GAIL (India) Limited worth approximately ₹108 crores. The company received a Notification of Award for hiring of compression facility at RT-USAR Plant, marking another milestone in its business operations.

Contract Details

The contract award comes with specific terms and execution timeline that demonstrate the scope of the engagement:

Regulatory Compliance

As per the disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Deep Industries Limited has provided comprehensive details about the contract award. The company has confirmed that this contract falls within its ordinary course of business operations.

Transaction Characteristics

The contract exhibits several key characteristics that provide transparency about its nature:

• Domestic Entity: The contract has been awarded by a domestic entity, GAIL (India) Limited
• No Related Party Interest: The promoter, promoter group, or group companies have no interest in the awarding entity
• Arms Length Transaction: The contract does not fall within related party transactions
• Business Alignment: The award is in the ordinary course of the company's business operations

Execution Timeline

The contract is scheduled for execution over a period of 880 days, providing Deep Industries Limited with a substantial timeframe to deliver the compression facility hiring services at the RT-USAR Plant. This extended timeline reflects the comprehensive nature of the services to be provided under the agreement.

The contract award represents a significant business development for Deep Industries Limited, adding substantial value to its order book and reinforcing its position in the industrial services sector.

Deep industries Limited has successfully resolved a gas leak incident at Well Mori #5 in Andhra Pradesh, with the company confirming that the situation is now under complete control. The oil and gas field services company informed stock exchanges on January 10, 2026, that the gas leakage has been fully contained and successfully stopped.

Incident Details and Resolution

The gas leak occurred during workover operations at Well Mori #5, where the company was operating under ONGC's production enhancement activities. The initial incident was reported on January 05, 2026, and the company has now provided an update confirming the successful containment of the leak.

Safety and Control Measures

The company emphasized that the situation at Well Mori #5 is now in total control. Importantly, no injuries or loss of life have been reported throughout the incident and its resolution. This outcome demonstrates the effectiveness of the company's safety protocols and emergency response procedures during critical operational situations.

Regulatory Compliance

DEEP Industries filed the disclosure with both BSE Limited (Scrip Code: 543288) and National Stock Exchange of India Limited (Symbol: DEEPINDS) pursuant to Regulation 30 of SEBI LODR Regulations, 2015. The communication was signed by Company Secretary and Compliance Officer Shilpa Sharma on January 10, 2026.

Company Operations

The incident occurred during production enhancement activities being conducted for ONGC, highlighting DEEP Industries' role as a service provider in oil and gas field operations. The company specializes in oil and gas field services and maintains various international certifications including ISO 9001, ISO 14001, and BS OHSAS 18001 for quality management and safety standards.