Deep Industries, an oil-and-gas services company, has approximately Rs 3,047 crore order book, including Rs 1,402 crore (Oil and Natural Gas Corporation) ONGC deal spanning 15 years. The long-term contract accounts for a substantial portion of the company’s current order book.
Key Highlights
- Deep Industries has an order book of approximately Rs 3,047 crore, including a major long-term ONGC deal.
- The oil-and-gas services company’s Rs 1,402 crore ONGC deal has a tenure of 15 years.
Deep Industries’ Order Book Reaches Rs 3,047 Crore
Deep Industries has an order book of around Rs 3,047 crore, reflecting its existing contracted business. The company provides services to the oil and gas sector, with its order book comprising projects and contracts, including the long-term ONGC deal.
The order book figure provides an indication of the company’s contracted work. However, the timeline for executing the entire order book and the revenue recognition schedule have not been specified in the available information.
ONGC Contract Accounts for Rs 1,402 Crore
A key component of Deep Industries’ order book is a Rs 1,402 crore contract from ONGC. The agreement has a tenure of 15 years, making it a long-term engagement for the oil-and-gas services company.
The deal represents a significant part of the company’s total order book and provides visibility into its contracted business over the agreement period.
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15-Year ONGC Deal Strengthens Deep Industries’ Order Book
The Rs 1,402 crore ONGC contract is part of a total order book of Deep Industries of Rs 3,047 crore. The 15-year term is longer than some other contracts, and adds to the length of time the company will be committed to providing services.
Not specifics of what exactly the contract entails, what it involves in terms of execution, and what milestones are reached each year or what percentage of the revenue it contributes. These factors would be relevant in determining the company's financial performance in the future as a result of this agreement.
What Deep Industries’ Order Book Means for Its Business
The Deep Industries order book is worth Rs 3,047 crore, including a long-term contract with ONGC valued at Rs 1,402 crore. The numbers represent the company's contracted oil-and-gas services sector.
The actual financial impact will depend on contract execution, revenue recognition and other business factors. Further details on project timelines and the company’s broader order pipeline would help provide a more complete picture of its growth prospects.
