Deep Industries Limited has announced a significant contract extension from Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited). The agreement involves the provision of Integrated Drilling Services for an additional duration of 30 months. This extension, valued at approximately USD 8.28 Million (roughly INR 78 crores), is scheduled to commence on July 1, 2026. The company confirmed that this award was received in the ordinary course of business and does not involve any related party transactions or interests from the promoter group.

The contract underscores a continued partnership in the oil and gas field services sector, specifically focusing on integrated drilling operations. As a domestic entity, Antelopus Selan Energy Limited has entrusted Deep Industries with this 30-month mandate to support its exploration and production activities. This development further strengthens Deep Industries’ order book, which was recently reported to be approximately INR 2,967 crores, providing long-term revenue visibility well into 2028.

Deep Industries Limited is a leading “one-stop solution” provider in the energy sector, specializing in natural gas compression, dehydration, and drilling services. Throughout 2025, the company aggressively expanded its portfolio, acquiring a 100% stake in Kandla Energy and Chemicals Limited in March 2025 and incorporating its UAE subsidiary, SAAR International FZ-LLC. In early 2026, the company continued its momentum by winning a INR 108 crore order from GAIL (India) and a INR 59 crore contract from ONGC for its Rajahmundry Asset. Additionally, Deep Industries diversified into green energy by entering an MOU with Advait Greenergy for Green Hydrogen projects.

For the quarter ended December 31, 2025 (Q3 FY26), the company reported robust financial growth. Consolidated revenue from operations stood at INR 221.5 crores, marking a 43.1% year-on-year increase from INR 154.8 crores in the corresponding quarter of 2024. Net profit (PAT) for the quarter surged by 49.8% to INR 71.3 crores compared to INR 47.6 crores in the previous year’s period. The company’s shareholding pattern as of late 2025 shows a strong promoter holding of 63.49%, with significant stakes held by the Rupesh Kantilal Savla Family Trust (31.49%) and the Shantilal Savla Family Trust (12.7%). Institutional investors such as Antara India Evergreen Fund Ltd. have previously been active in the stock, while retail and non-institutional holding remained at approximately 33.71% in early 2026.