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Deep Industries Ltd Assigns ONGC Contract to Subsidiary Deep Exploration Services Private Limited

Deep Industries Ltd has entered into a Tripartite Addendum/Deed of Assignment with Oil and Natural Gas Corporation Limited (ONGC) and its wholly owned subsidiary, Deep Exploration Services Private Limited (DESPL), for assigning the contract received from ONGC for Production Enhancement Operations in Mature Fields at Rajahmundry Asset for a period of 15 years. This assignment is intended to achieve improved focus and accountability towards effective execution of the contract.

• Deep Industries Ltd assigns ONGC contract to its subsidiary, Deep Exploration Services Private Limited (DESPL)
• The contract is for Production Enhancement Operations in Mature Fields at Rajahmundry Asset for a period of 15 years
• The assignment aims to achieve improved focus and accountability towards effective execution of the contract
• The assignment is in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023