Deep Industries Secures INR 108 Crore Contract from GAIL
Filing Summary
Deep Industries Ltd has received a Notification of Award from GAIL (India) Limited for the hiring of a compression facility at the RT-USAR Plant. The contract is valued at approximately INR 108 crores and is to be executed over 880 days. The award is in the ordinary course of business, with no related party transactions involved. Deep Industries continues to focus on its core business operations in the energy sector.
Deep Industries Ltd has announced the receipt of a Notification of Award from GAIL (India) Limited. The award pertains to the hiring of a compression facility at the RT-USAR Plant. The total estimated value of this award is approximately INR 108 crores.
The contract is to be executed over a period of 880 days. The award was granted by a domestic entity, and there are no interests from the promoter or promoter group in GAIL (India) Limited. Additionally, this transaction does not fall under related party transactions.
GAIL (India) Limited is a leading natural gas company in India, focusing on the transmission and marketing of natural gas. The company is involved in various segments of the energy sector, including petrochemicals and liquid hydrocarbons.
Deep Industries Ltd is engaged in providing services to the oil and gas sector, focusing on the development and operation of energy infrastructure. The company continues to expand its capabilities in the energy sector, aligning with its strategic priorities.