'
Deep Industries hosted a conference call on Jan
30, 2025. In the conference call was represented by Paras Savla, CMD and Rohan
Shah, CFO.
Key takeaways of the call
Order book as end of Dec 2024 was about Rs 2701
crore (up from Rs 2622 crore as end of Sep 2024 and Rs 1200 end Dec 2023).
Production enhancement contracts vertical
– Company has won a recent order
worth Rs 1,402 crore, from ONGC for Production Enhancement Contract, for a
period of 15 years. This
contract is for 8 O&G fields of ONGC in Rajahmundry area. The nature
of the block is production declined for various reasons. With this contract, the Company shall
have the service revenue equivalent to 64% share of incremental production
revenue. The execution of this contract shall
be initiated in next 7-8 months. The company will operate on enhancing
production for 6 months or so in FY26.
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