Deep Industries Wins 96.72 Crore Rig Contract from Oil India

Deep Industries has received a Letter of Award (LoA) from Oil India Limited for the charter hire of a brand-new workover rig, to be deployed in Assam and Arunachal Pradesh.

Valued at approximately Rs 96.72 crore, the seven-year contract involves the deployment of the rig for well maintenance and production enhancement operations, supporting Oil India’s ongoing production optimisation efforts in the Northeast region.

The contract scope includes:

Supply of the workover rig, Provision of skilled manpower, Maintenance and operational support for efficient well servicing

This award strengthens Deep Industries’ position in the oilfield services sector, particularly in remote and challenging terrains, and adds long-term visibility to its revenue stream and order book.

News by Rahul Yelligetti.