Deep Industries Shares in Focus After Securing Rs 59 Crore Contract from ONGC
Deep Industries Share Price in Focus Following Letter of Award from ONGC
Deep Industries is set to remain in the spotlight on April 7, following the company's receipt of a Letter of Award from Oil and Natural Gas Corporation (ONGC) for Rs 59 crore. The Letter of Award is for the hiring of services of Natural Gas Compressor, Gas Dehydration & HC Dew Point Depression for Malleswaram of ONGC, Rajamundry Asset, and is set to last for a period of three years.
This development comes on the heels of a Memorandum of Understanding (MOU) entered into by the company with Advait Greenergy (AGPL) in the month of March. The MOU is aimed at executing various Green Hydrogen project tenders and contracts issued by government bodies, PSUs, private entities, or any other organizations in India and abroad.
In the previous trading session, Deep Industries' share closed at Rs 445.90, marking a gain of Rs 6.90 or 1.57 percent. The company's share has experienced significant fluctuations in the past year, touching a 52-week high of Rs 578.00 on September 3, 2025, and a 52-week low of Rs 326.85 on March 16, 2026.
| 52-Week High | 52-Week Low | |
|---|---|---|
| Share Price | Rs 578.00 | Rs 326.85 |
| Date | September 3, 2025 | March 16, 2026 |
Currently, the stock is trading 22.85 percent below its 52-week high and 36.42 percent above its 52-week low. The market capitalisation of the company stands at Rs 2,853.76 crore.
Investor Takeaway
Investors should monitor Deep Industries' share price for potential gains following the Rs 59 crore contract from ONGC.
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