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Deep Industries hosted a conference call on Feb 7, 2024. In the conference call the company was represented by Paras Savla, MD & CEO and Rohan Shah, Finance Director & CFO.

Key takeaways of the call

Order Book as end of Dec 31, 2023 stand at Rs 1200 crore up from Rs 976 crore as end of Dec 2023 and Rs 1195 crore as end of Sep 2023.

Of the total order book of Rs 1200 crore about Rs 450 crore is for Rigs, Rs 500 crore is for gas compressor packages and balance is other services and RAS.

Major order wins in Q3FY24 includes order awards from clients like ONGC and Vedanta amounting to the tune of Rs 97 crore in the current quarter.

Company is witnessing highest ever bidding pipeline which could further enhance the order book going forward

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