Deep Industries Limited has secured a five-year contract valued at approximately INR 491 million from the Oil and Natural Gas Corporation (ONGC). The agreement covers charter hiring services for natural gas compression at the Paliyad asset in Ahmedabad.
Oil and Natural Gas Corporation Limited (ONGC) has awarded Deep Industries Limited a domestic contract to provide natural gas compression services. According to official disclosures, the five-year agreement, valued at an estimated INR 491 million, involves charter hiring operations at the Paliyad site within the Ahmedabad asset in Gujarat. ONGC is India’s premier central public sector enterprise in energy exploration and production, while Deep Industries specializes in providing air and gas compression, drilling, and workover services to the oil and gas sector.
This long-term operational engagement highlights the continued reliance of state-backed energy producers on specialized domestic service providers to maintain and optimize mature hydrocarbon assets. Effective gas compression is essential for sustaining pressure and flow rates in aging wells, thereby extending the productive lifecycle of established fields. The partnership directly supports India's broader mandate to maximize domestic natural gas output and reduce dependency on imported energy.
For enterprise stakeholders and investors, this development secures a stable, medium-term revenue stream for Deep Industries, strengthening its regional service portfolio. Furthermore, the contract execution underscores a competitive bidding environment within the national energy supply chain, ensuring continued operational stability for western India's hydrocarbon infrastructure.
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