Contract Details
The Company has received a Letter of Award for charter hiring services for Natural Gas Compression from Oil and Natural Gas Corporation Limited. The services will be provided at GGS Paliyad of Ahmedabad asset for a period of 5 years. The total estimated value of the award is approximately ₹49.10 crores.
Additional Contract Specifications
- Awarding Entity: Oil and Natural Gas Corporation Limited
- Significant Terms: Charter hiring services for Natural Gas Compression at Paliyad of Ahmedabad asset
- Entity Type: Domestic entity
- Nature of Contract: As specified in point no. 2 (Charter hiring services for Natural Gas Compression)
- Geographic Scope: Domestic
- Execution Timeframe: Five (05) Years
- Contract Value: Approximately ₹49.10 crores
Related Party Considerations
The company confirms that this contract does not constitute a related party transaction. There is no interest between Deep Industries Limited and the entity that awarded the contract.
Business Context
It is specifically noted that this award was received by the Company in the ordinary course of business.