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Deep Industries Ltd: Business as usual
Jul 19: Even as ONGC has still not formally concluded on the possibility that Deep Industries, whose order book depends critically on orders from the public sector E&P major, may have gamed the bidding process in the supply of equipment, it seems to be business as usual for the company for the time being.
8It claims that its long term association with US vendors have given it the requisite competitive edge even as allegations swirl over the eligibility of the experience criteria used from one such vendor to bid for an ONGC tender.
8Deep also says it got a credit upgrade recently.
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