India's Deep Industries jumps most in over a month on receiving LoA from ONGC
07/07/2022 07:59
**Shares of energy solutions provider Deep Industries
DEEI.NS jump as much as 9.8% to 206.95 rupees, biggest daily
pct gain since June 2
** DEEI said on Wednesday it had received letter of awards
from Oil and Natural Gas Corporation Ltd ONGC.NS for charter
hiring of mobile drilling rigs for Ahmedabad asset in western
India for three years urn:newsml:reuters.com:*:nFWN2YN0NI
** Total estimated value of awards is $19.02 mln - DEEI
** Over 160,000 shares change hands as of 0649 GMT, 1.8
times their 30-day avg
** Stock hits highest since June 27; last up 7.4%
** DEEI has risen 20% so far this year
(Reporting by Nishit Navin in Bengaluru)
((nishit.navin@thomsonreuters.com;))