Deep Industries Limited Faces Provisional Business Suspension from ONGC Over Drilling Contract
Published on: Feb. 13, 2026, 7:37 p.m. | Source: scanx.trade
Deep Industries Limited has received provisional suspension notice from ONGC due to alleged nonperformance in a drilling rig contract. The company strongly contests this decision and plans to pursue legal remedies including arbitration. Despite the suspension, Deep Industries assures that overall business operations continue uninterrupted with robust order book and strong financial position supporting sustained shareholder value creation.
