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Asian Energy Services rises on getting LOA worth Rs 78.24 crore
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Asian Energy Services is currently trading at Rs. 127.00, up by 0.85 points or 0.67% from its previous closing of Rs. 126.15 on the BSE.
The scrip opened at Rs. 124.35 and has touched a high and low of Rs. 130.00 and Rs. 123.00 respectively. So far 4350 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 130.00 on 19-Jun-2023 and a 52 week low of Rs. 51.76 on 02-Mar-2023.
Last one week high and low of the scrip stood at Rs. 130.00 and Rs. 110.10 respectively. The current market cap of the company is Rs. 475.93 crore.
The promoters holding in the company stood at 61.45%, while Institutions and Non-Institutions held 0.01% and 38.54% respectively.
Asian Energy Services (AESL) has received Letter of Award (LOA) from Oil & Natural Gas Corporation (ONGC) for 3D Seismic Data Acquisition services in Gujarat. The value of LOA is Rs 78.24 crore. The contract duration is 11 months.
With this order, the company now has a healthy order book of around over Rs 900 crore (including this order) spread across Seismic Services, Operations & Maintenance Services and Infrastructure Services.
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.
