| The Company was incorporated in the year 1991. We provide Air
and Gas Compression Services to Oil & Gas Exploration Companies.
We currently compete primarily in the market for transportable natural
gas compression units of upto 2400 HP. We also provide transportation
services for transport of liquid. However, we have gradually moved from
a liquid transport service provider to compression service providers. The
current primary activity of our company includes providing Compression
services to our clients.
HISTORY AND MAJOR EVENTS
The Key events in the business of our company are as follows:
Year Milestone Achieved
1991 Commenced activities of providing liquid transportation services
1994 Strategic shift from providing Crude Oil/Liquid transport services
to providing Air/Gas Compression Services
1994 Bagged contract to provide High Pressure Air Compressors on
charter hire basis to ONGC, for its Ahmedabad project
1997 Bagged contract to provide Natural Gas Compressors on charter
hire basis to ONGC, for its Mehsana project
1998 Bagged contract to provide Natural Gas Engine based power
generation packages on charter hire basis.
2001 Entered into Gas Compression Equipment Lease and Service
Agreement with Hanover Asia Inc., USA for taking on lease Gas
Compressors.
2004 Entered into Sales Representation Agreement with Valerus
Compression Services Limited Partnership, USA to act as Sales
Representatives in the Asian Region.
2005 Purchased one 100 Ton Cardwell KB 500 S Axle Mobile Rig as a
step towards becoming an integrated service provider to the Oil &
Gas Sector.
2005 Awarded ISO 9001 - 2000 certification.
2005 Awarded as a contractor member in good standing by International
Association of Drilling Contractors (IADC)
2006 Entered in to Memorandum of Understanding with PT Indrillco Bakti,
Jakarta, Indonesia for availing technical know-how/collaboration in
connection with work over services for 30 to 200 Ton capacity Rigs.
2008
-Deep Industries Ltd has been awarded the contract from Chennai Petroleum Corporation Ltd for compression of natural gas at Kamalapuram for Five years. The value of the contract is Rs 103 Million.
2009
-Deep Industries obtained Letter of Award from ONGC
-Company had Formed a Subsidiary in the name of Prabha Energy Pvt. Ltd.
2010
Deep Industries Ltd Letter of Award for Hiring of Natural Gas Compression Services
2011
-Ms. Bhavika Bhatt has been appointed as Company Secretary and Compliance Officer of the Company
-Deep Industries Ltd has recommended dividend of Rs. 0.50/- (5%) per Equity Share
2012
-Deep Industries Ltd has signed Contract with Government of Indonesia awarding Coal Bed Methane (CBM) Blocks at Indonesia
-Deep Energy, LLC and Deep Natural Resources Ltd., subsidiaries of the Company have been the awarded New Exploration Licensing Policy (NELP - IX) of Government of India.
2013
- Board has recommendsed a Dividend of Rs. 0.60 per share i.e. 6% per share .
2014
- Board has recommended a Dividend of Rs. 1 per equity share of Rs. 10 each i.e. 10% per equity share.
- Deep Industries Ltd has appointed Mr. Arun Mandke as a Additional Director of the Company .
2015
-Deep Industries Ltd has informed BSE that the Registered Office of the Company will be shifted from "Opp. Suryanarayan Bunglows, Sabarmati-Kalol Highway, N H No 8, Motera, Ahmedabad 380 005" to "12A & 14 Abhishree Corporate Park, Ambli Bopal Road, Ambli, Ahmedabad 380 058, Gujarat, India
-Deep Industries has signed the contract with ONGC for hiring of Gas Dehydration System for 5 production installations at their Rajahmundry Assets
-The Company has received Notification of Award for charter hiring of 01 No. of 1000HP Mobile Drilling Rig
-The Company has received Notification of Award for hiring the Services of Natural Gas Compression at GGS-Wadu
2016
-Deep Industries Ltd has secured award worth Rs 7.26 crore for hiring of natural gas compression services at CTF Ankleshwar.
-Company received an order worth of Rs 247 crore from state-owned oil exploration & production company Oil And Natural Gas Corporation (ONGC).
2017
-Deep Industries bags contract from ONGC.
2020
-Company name has changed to Deep Energy Resources Ltd. from Deep Industries Ltd.
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