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Asian Energy Services is currently trading at Rs. 101.15, up by 2.18 points or 2.20% from its previous closing of Rs. 98.97 on the BSE.

The scrip opened at Rs. 104.15 and has touched a high and low of Rs. 108.00 and Rs. 102.30 respectively. So far 77344 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.90 on 05-Apr-2022 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. 108.00 and Rs. 79.25 respectively. The current market cap of the company is Rs. 394.98 crore.

The promoters holding in the company stood at 59.61%, while Institutions and Non-Institutions held 0.05% and 40.34% respectively.

Asian Energy Services (AESL) has received Letter of Award (LOA) from Svetah Energy Infrastructure FZE, UAE (Consortium Partner as per the Consortium Agreement) for the Operations & Maintenance works (O&M) of the floating production storage and offloading system (FPSO) named Svetah Venetia, to be deployed for production of Oil and Gas in the offshore area of contract area CY-OS-90/1 (PY-3 Field), located near Puducherry, on the east coast of India.

The Estimated value of LOA is around $20 Million. The primary term is proposed to be 5 years commencing from the date of readiness of Svetha Venetia to receive hydrocarbons from PY-3 Field. The third of its kind, Asian has achieved a key milestone with this LOA to emerge as a dependable and cost efficient service partner for the O & M of production facilities for Oil & Gas Industry.

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.