Deep Industries wins Rs 14.02 billion ONGC contract for production boost

09 Sep 2024 CW Team

Deep Industries (DIL) has secured a contract worth Rs 14.02 billion from Oil and Natural Gas Corporation (ONGC) for production enhancement operations in its Rajahmundry Asset. This 15-year contract is the largest project awarded to the company, more than doubling its current order book, which was Rs 12.46 billion as of June 30, 2024.

Paras Savla, Managing Director of Deep Industries, expressed the company's excitement over the achievement, noting that the expansion into Production Enhancement Contracts (PEC) strengthens their position in the evolving oil and gas services value chain.

The contract focuses on PECs designed to boost hydrocarbon production from ONGC's ageing fields through advanced techniques and safe operating practices. The PEC framework is anticipated to expand Deep Industries' revenue streams and enhance profitability.

ONGC's Rajahmundry Asset is undergoing further development of hydrocarbon reserves to improve production and recovery from its mature fields, aligning with ONGC?s strategy to implement efficient technologies and practices for long-term output improvement in its contract areas.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..