Asian Energy Services Limited to consider foray into Electric Vehicle sector

Asian Energy Services Limited (Formerly Asian Oilfield Services Limited) has been looking for various opportunities available in renewables energies. It is now common knowledge that our planet cannot contemplate a future based solely on hydrocarbon and fossil fuels. With the ever-increasing need for energy and its highly fluctuating prices, we need to look at different options of energy beyond conventional energy resources. Reduced emissions and pollution are an obvious benefit stemming from the adoption of these green energy initiatives.

Thus, taking a long-term view, electrification of vehicles is one of the avenues identified by ASIAN, with an aim to invest and diversify in the renewable sector.

In this regard, a meeting of the Board of Directors of the Company will be held on Friday, 17th September, 2021 at 4.00 PM through audio visual mode to explore, evaluate and consider investment into electric vehicle sector.

Shares of ASIAN ENERGY SERVICES LTD was last trading in BSE at Rs. 148.9 as compared to the previous close of Rs. 142.05. The total number of shares traded during the day was 304045 in over 1667 trades.

The stock hit an intraday high of Rs. 154 and intraday low of 140.1. The net turnover during the day was Rs. 44917417.

Source : Equity Bulls

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