Deep Industries Limited has received 2 orders from Oil And Natural Gas Corporation Limited (ONGC).

The 1st Order is for deployment of 1 number of 1,000 HP Drilling Rig for ONGC Ahmedabad Asset for a period of 3 years. The approximate value of the said contract is INR 917.5 million calculated at exchange conversion rate equals to 70 Rupees per 1 US Dollar.

The 2nd Order received today is also for deployment of 1 number of 1,000 HP Drilling Rig for ONGCAhmedabad Asset for a period of 3 years. The approximate value of the said contract is the same INR 917.5 million calculated at exchange conversion rate equal to 70 Rupees per 1 US Dollar.

The two orders combined will add approximately INR 1835 million to our order book and increase revenue visibility for the coming years.