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Deep Industries Limited — Capital/Financing Update 2024
Sep 7, 2024
59553_rns_2024-09-07_6962254a-2f41-4986-a917-0e02a0574028.pdf
Capital/Financing Update
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September 07, 2024
To, To, Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India 2[nd] Floor, P.J. Towers, Ltd. Dalal Street, Exchange Plaza, Plot No. C/1, G-Block, Mumbai – 400 001 Bandra Kurla Complex, Bandra (E), SCRIP CODE: 543288 Mumbai – 400051. SYMBOL: DEEPINDS
Sub: Announcement in respect of Letter of Award received from Oil and Natural Gas Corporation Limited
Respected Sir/ Madam,
With reference to the captioned subject, we would like to inform you that the Company has received Letter of Award from Oil and Natural Gas Corporation Limited for Production Enhancement Operations in Mature Fields at Rajahmundry Asset for a period of 15 years. The total estimated value of this award is approximately INR 1,402 crores.
Additional Details as required under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosures Requirements), Regulations, 2015
| 1. | name of the entity awarding the order(s)/contract(s); |
Oil and Natural Gas Corporation Limited |
|---|---|---|
| 2. | significant terms and conditions of order(s)/contract(s) awarded in brief; |
Production Enhancement Operations in Mature Fields at Rajahmundry Asset. |
| 3. | whether order(s) / contract(s) have been awarded by domestic/ international entity; |
Domestic Entity |
| 4. | nature of order(s) / contract(s); | As per point no. 2 |
| 5. | whether domestic or international; | Domestic |
| 6. | time period by which the order(s)/contract(s) is to be executed; |
15 years |
| 7. | broad consideration or size of the order(s)/contract(s); |
total estimated value of this award is approximately INR 1,402 crores |
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| 8. | whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof; |
No |
|---|---|---|
| 9. | whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arms length”. |
No |
- It is to be noted that the above-mentioned award received by the Company is in the ordinary course of business.
You are requested to take the same on your records.
Thanking you,
Yours faithfully,
For, Deep Industries Limited
SHARMSHILPA A Digitally signed by SHILPA SHARMADN: C=IN, PostalCode=380058, S=GUJARAT, STREET=FLAT NO H703 KAVISHA URBANIA SOUTH BOPAL EXTENSIONAHMEDABADGHUMABH FLORA IXORA 380058, L=AHMEDABAD, O=Personal, T=5861, SERIALNUMBER=5a0f7ed24701a1b6f6e569d1a07513e40928656b0afad1a1265d8f2aeb29c044, OID.2.5.4.65=586120221107104209997, Phone=7dd7b4327ff306697de68d008c7447d099f70b621f8dca9659a85f859776e5ce, [email protected], CN=SHILPA SHARMAReason: I am the author of this documentLocation: your signing location hereDate: 2024-09-07 14:42:45Foxit Reader Version: 9.7.1 Shilpa Sharma Company Secretary & Compliance Officer M. No: A34516
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