Asian Energy Services Ltd secures ~Rs 865 crores Integrated Service Contract from Vedanta Limited

Asian Energy Services Limited, a leading integrated service provider to the energy and mining sectors, has been awarded Integrated Service Contract from Vedanta Limited.

The total contract value is ~Rs 865 crores including GST and the order will be executed over a span of 57 months.

Commenting on this, Mr. Kapil Garg, Managing Director, Asian Energy Services Limited said, "We are honoured to receive Integrated Service Contract for field development and Operations & Maintenance (O&M) contract from Vedanta, one of our valued and long-standing client. This repeat engagement reflects the trust we've built through dependable service and a strong focus on operational excellence.

Integrated O&M remains a core area of focus at Asian Energy Services and a key growth driver. Our ability to manage critical infrastructure safely and efficiently continues to make us a preferred partner in the energy sector. This mandate reaffirms confidence in our team's capability to consistently deliver in complex and challenging environments."

Shares of Asian Energy Services Ltd was last trading in BSE at Rs. 285.05 as compared to the previous close of Rs. 288.00. The total number of shares traded during the day was 20353 in over 847 trades.

The stock hit an intraday high of Rs. 290.35 and intraday low of 283.80. The net turnover during the day was Rs. 5812375.00.

Source : Equity Bulls

Keywords

AsianEnergyServices INE276G01015 OrderWin Vedanta