Deep Industries share price soared by 17% to reach a 52-week high on Monday’s session following the company’s success in securing a significant contract worth ₹1,402 crore from Oil and Natural Gas Corporation (ONGC), a leading provider of integrated solutions for Oil & Gas field operations. This contract marks the largest project awarded to the company so far and will more than double its current order book, which was valued at ₹1,246 crore as of June 30, 2024.
The company stated that the contract, which is for 15 years, is for Production Enhancement Operations in the mature fields of ONGC’s Rajahmundry Asset. Deep Industries share price today opened at ₹449.95 apiece, the stock touched an intraday high of ₹465.35, and an intraday low of ₹442 per share.
