Asian Energy Services Ltd secures ~Rs 82 crores contract from Oil India for 2D Seismic Data in Rajasthan Basin

Asian Energy Services Limited (AESL), an end-to-end service provider across the entire upstream value chain has been awarded an order from Oil India for 2D Seismic Data Acquisition of 4,300 LKM in Rajasthan Basin under Mission Anveshan.

The total contract value is ~Rs 82 crores inclusive of all taxes and duties including quoted GST and the order will be executed over a span of 18 months.

The total order book as on date stands at approx Rs 1,000 crs.

Commenting on this, Mr Kapil Garg, Managing Director, Asian Energy Services Limited said, "We are thrilled to have secured the 2D Seismic order, a significant step in reinforcing our presence within the industry. We remain steadfast in our commitment to actively pursue the right opportunities across every business segment and are continuously striving to enhance our capabilities and deliver excellence across the board."

Shares of Asian Energy Services Ltd was last trading in BSE at Rs. 360.50 as compared to the previous close of Rs. 367.05. The total number of shares traded during the day was 14136 in over 596 trades.

The stock hit an intraday high of Rs. 379.35 and intraday low of 357.80. The net turnover during the day was Rs. 5206782.00.

Source : Equity Bulls

Keywords

AsianEnergyServices INE276G01015 OrderWin OilIndia