Deep Ind...........cmp Rs 112.95........

Friends,
Deep Ind is in Gas sector.Actually gas compression company.DEEp Ind is well diversified Oil & Gas Company with business interest in Air and Gas compression, Drilling, Work over and Oil & Gas Exploration and Production.

Deep Industries Limited is a pioneer in the service sector of oil and gas fields, mainly in Gas compression services. We also provide work-over, Drilling Rig and allied services. The Company was formed in the year 1991 primarily for providing valued, dedicated and professional services to the oil & Gas client in India. After 16 years of featured services to the esteemed clients, namely Oil & Natural Gas Corporation Limited (ONGCL), Assam gas, and the Private Operators like Niko-GSPCL, CPCL, GACL, GSPL, HRD, JTI Selan Explorations etc to their utmost satisfaction. Deep Industries Ltd is focusing towards expanding its operation to United States of America (USA), Asian countries and the southern part of India for providing services as an outsourcing service provider to Oil & Gas Industry.
Deep Industries Limited has been awarded one onshore Oil and Natural Gas block by Government of India.DIL has been awarded two Coal bed Methane (CBM) blocks by Government of India in CBM – III round. DIL has also been awarded service contract for the development of three onshore marginal fields at Ghotaru, Bankia and Kharatar in Jaisalmer district of Rajasthan.
The company is prepared to undertake significant growth and succeed to achieve through focusing on specialized activities and offering a broad spectrum of skills to serve a wide clientele base for Oil and Gas Exploration, Engineering, Servicing, Transportation, Natural Gas Compression, work over and drilling and other allied services furnishing entire range of activities from conceptualization to completion as required by Oil, Gas and Petrochemical Industries.


1)Oil and GAS
Deep Industries Limited has been awarded one onshore Oil and Natural Gas block by Government of India in recent New Exploration Licensing Policy (NELP)-VII round.

2)Coal Bed Methane ( CBM )
Deep Industries Limited (DIL) along with its consortium members has been awarded CBM blocks under the third round of Coalbed Methane Exploration policy. Subsequently DIL signed a production sharing contract with GOI for exploration of Coalbed Methane for a period of 34.5 years.

3)Marginal Fields:
IL is working on Marginal field Natural Gas projects at Ghotaru, Bankia and Kharatar in Jaisalmer district of Rajasthan.

4)Compression:

Range of Compressors: 100 HP to 4000 HP
Drives: Natural Gas Engine, Diesel Engine & Electric Motor
Long and Short term Rental Contracts
Wet Lease/ Dry Lease
Total Operation and Maintenance Contracts
Supply of Spare Parts & Components

5)Workover and Drilling:

Range of Rigs: 30 Tons to 100 Tons, 150 HP to 2000 HP
Long and Short term Rental Contracts
Total Operation and Maintenance Contracts
Supply of Spare Parts & Components
Integrated Services.



ORDERS:


1)Deep Industries Ltd has informed BSE that the Company has obtained Letter of Award from ONGC, Ahmedabad Asset for hiring the services of compression of natural gas at Ramol GGS for Ahmedabad Asset approx. value of contract aggregating to Rs 77.50 million.1. Location : Ramol GGS- Approx. Contract Value (in Rs.) : 77.50 million

2)Deep Industries Ltd has informed BSE that the Company has obtained Notification of Award from ONGC, Rajahmundry Asset for Charter Hiring one Work Over Rig of 100 Ton capacity aggregating to Contract Value Rs 296.24 Lacs.

3)Deep Industries Ltd has informed BSE that the Company has obtained following Extention of Contract agreement with GACL and Letter of Awards from ONGC of following Compressors for Hiring of services for Natural Gas Compression aggregating to Rs 764.85 Lacs.1. LOA From: GACL, Vadodara- Approx. Contract Value in Rs - 44.35 lacs2. LOA From: ONGC Assam AssetApprox. Contract Value in Rs - 187.60 lacs3. LOA From: ONGC Rajahmundry AssetApprox. Contract Value in Rs - 532.90 lacs.

4)Deep Industries Ltd has informed BSE that the Company has obtained Letter of Award from ONGC, Ankleshwar Asset and Mehsana Asset for deployment of following Compressors for compressing the natural gas at various locations of Ankleshwar Asset and Mehsana Asset approx. value of contract aggregating to Rs 2299.50 Lakhs.1. Location - North Gandhar, AnkleshwarApprox Contract Value - Rs 328.50 Lacs2. Location - Balol, MehsanaApprox Contract Value - Rs 1971.00 Lacs.

5)Deep Industries Ltd has informed BSE that the Company had bidded for the Blocks under New Exploration Licensing Policy - Seventh Round (NELP - VII). The Company has been successful in getting award of Block No. SR-ONN-2005/I at Satpura - Rewa (Chattisgarh). The area of Block is 789 Square Kilometers. The Company had bidded for this block in consortium with Deep Energy LLC, Kanvel Finance Pvt Ltd and Savla Enterprise Pvt Ltd.Following is the sharing pattern of this block:
Block : Satpura - Rewa (SR-ONN-2005/I)- Deep Industries Ltd : 70%- Deep Energy LLC : 10%- Kanvel Finance Pvt Ltd : 10%- Savla Enterprise Pvt Ltd : 10%.

My Comments:
Deep Ind is an excellent growth company.Ril Ind is finding more and more gas in Kaveri Basin etc and Gas will be produced in abundence and compressing of Gas will be a prime priority.Deep ind is going to get many more contracts in future.That is what I am seeing.
In last bull run it made a high of Rs 271 and it is still available over 50% cheaper.The eps is just around 4 for full year and still price is Rs 112 .Looking at the future growth market is giving huge discounting for this wonderful co.
According to my view Deep Ind is a buy at these level as well.Though it has runup recently I still think this is a buy.Market is knowing something about it and hence it is running now.