Deep Industries Secures 30-Month Contract Extension Worth ₹78 Crore
Deep Industries Limited received a 30-month contract extension from Antelopus Selan Energy Limited for Integrated Drilling Services. The contract, commencing July 1, 2026, is valued at approximately ₹78 crore (USD 8.28 Million). This extension is a routine business transaction.
The contract extension provides a steady revenue stream for a significant period (30 months) and adds to the company's order book, indicating a positive impact on its operations and financial performance.
The company has secured a contract extension, which is positive for its business outlook and revenue stream.
Deep Industries Limited has announced an extension of its contract with Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited). The extension is for providing Integrated Drilling Services for a further period of 30 months, commencing from July 1, 2026.
The total estimated value of this contract extension is USD 8.28 Million, which is equivalent to approximately ₹78 crore. This contract is considered to be in the ordinary course of business, and neither the promoter nor group companies have any interest in Antelopus Selan Energy Limited.
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