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Deep Industries climbs 11% on contract from ONGC

Deep Industries said the total estimated value of the said award is approximately Rs 3.12 crore.

November 29, 2018 / 02:39 PM IST
 
 
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Deep Industries shares rallied nearly 11 percent intraday Thursday after the company bagged contract from country's largest oil & gas exploration company ONGC.

"...has received Letter of Award of contract from ONGC, Cambay Asset for Charter hiring of 01 No of Work Over Rig for a period of 1 year for Cambay Asset," said the company that provides workover & drilling rig services on chartered hire basis.

The total estimated value of the said award is approximately Rs 3.12 crore.

At 14:30 hours IST, the stock was quoting at Rs 147.90, up Rs 7.90, or 5.64 percent on the BSE.
Moneycontrol News
first published: Nov 29, 2018 02:39 pm

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