Deep Industries Ltd. Clinches INR 49.10 Cr ONGC Contract for 5-Year Gas Compression Services
Deep Industries Limited has secured a new contract from Oil and Natural Gas Corporation Limited (ONGC), further strengthening its position in India’s oil and gas services sector. The company has received a Letter of Award (LOA) for providing Natural Gas Compression charter hiring services, adding another long-term project to its order book.
The contract, valued at approximately ₹49.10 crore, will be executed over a period of five years, providing the company with steady business from one of India’s largest public sector energy companies.
Five-Year Contract from ONGC
Under the agreement, Deep Industries will provide charter hiring services for Natural Gas Compression at GGS Paliyad, part of ONGC’s Ahmedabad Asset.
Natural gas compression plays a crucial role in maintaining pressure within gas pipelines and improving the efficiency of gas production and transportation. These services are essential for ensuring smooth operations across oil and gas fields.
Contract Highlights
The key details of the project include:
- Client: Oil and Natural Gas Corporation Limited (ONGC)
- Project: Charter Hiring Services for Natural Gas Compression
- Location: GGS Paliyad, Ahmedabad Asset
- Contract Duration: Five years
- Contract Value: Approximately ₹49.10 crore
- Nature of Contract: Domestic business contract
Strengthening the Order Book
The latest contract adds to Deep Industries’ existing order pipeline and provides long-term revenue visibility over the next five years.
Long-duration contracts from established public sector companies like ONGC help create predictable business opportunities while reinforcing the company’s expertise in providing specialized oil and gas field services.
Supporting India’s Energy Infrastructure
Deep Industries has built its business around providing integrated solutions for the oil and gas sector, including natural gas compression, drilling and workover services, gas dehydration, and production support.
By securing another project from ONGC, the company continues to strengthen its role in supporting India’s energy infrastructure and natural gas production activities.