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The latest update is out from Deep Industries Limited ( (IN:DEEPINDS) ).
Deep Industries Limited has reported a gas leak incident at its Mori #5 well in Andhra Pradesh during workover operations carried out under ONGC’s production enhancement activities, after the well kicked and an uncontrolled flow was observed following re-perforation despite prior reservoir testing and safety measures. The company stated that there have been no injuries or loss of life, the area around the well has been secured, cooling operations have started, and senior teams from both Deep Industries and ONGC are working on controlling the well, indicating an active response to contain operational and safety risks for stakeholders in the field.
More about Deep Industries Limited
Deep Industries Limited operates in India’s energy services sector, providing workover and related field operations for oil and gas producers, including projects under production enhancement programs with state-owned entities such as ONGC in regions like Andhra Pradesh.
Average Trading Volume: 7,123
Technical Sentiment Signal: Buy
Current Market Cap: 29.08B INR
Find detailed analytics on DEEPINDS stock on TipRanks’ Stock Analysis page.