IGI Logo

Asian Energy Services is currently trading at Rs. 155.00, up by 7.35 points or 4.98% from its previous closing of Rs. 147.65 on the BSE.

The scrip opened at Rs. 145.60 and has touched a high and low of Rs. 155.00 and Rs. 145.05 respectively. So far 14476 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 178.65 on 16-Sep-2021 and a 52 week low of Rs. 86.60 on 22-Apr-2021.

Last one week high and low of the scrip stood at Rs. 169.00 and Rs. 145.40 respectively. The current market cap of the company is Rs. 588.25 crore.

The promoters holding in the company stood at 59.61%, while Institutions and Non-Institutions held 0.08% and 40.31% respectively.

Asian Energy Services has secured a four-year contract with one year extension option for operation and maintenance of Vedanta’s Oil and Gas Processing Facility and Offshore Platforms in Cambay, Gujarat. The company will commence operations from April 2022 in this contract.

Asian, in early 2019, had taken a strategic decision to expand its services beyond oil and gas and as of today has successfully secured service contracts in coal exploration and mining. After successful entry into coal mining industry, Asian’s recent effort has been towards strengthening the materials handling and O&M businesses while maintaining the focus on its seismic opportunities. The management team has been re-organized accordingly to maintain equal focus on these three verticals to achieve company’s vision.

Asian Energy Services (formerly Asian Oilfield Services) provides range of services to reputed national and multinational companies. The company banks on the rich experience of well qualified professionals for providing seismic data acquisition, processing and Interpretation services.