Deep Industries has reported that the company has won an order worth Rs 415.57 million from state-owned ONGC, which involves deployment of compressors for compressing the natural gas at various locations of Rajahmundry Asset.

The company has obtained Letter of Award from ONGC, Rajahmundry Asset. The various locations are Lingala (Rs 224.23 million), Odalarevu (Rs 79.73 million) and Gopavaram (Rs 111.61 million).

Deep Industries Limited (DIL) is well diversified Oil & Gas Company with business interest in Air and Gas compression, Drilling, Work over and Oil & Gas Exploration and Production. The company headquartered at Ahmedabad, Gujarat, primarily caters to ever increasing demand for Oil and Gas Field Services requirements.

The firm presently holds market cap worth Rs 282 crore, PE Ratio of 55.16; EPS of 2.56 and BV of Rs 34.86 The firm registered a net profit of Rs 1.53 crore for the quarter ended March 2008 as against loss of Rs 63 lakh in same quarter of last year.