Asian Energy Services Ltd receives order from ONGC for approx. Rs. 68.70 crores

Asian Energy Services Limited (formerly Asian Oilfield Services Limited) ('Asian Energy/the Company') has received a Notification of Award (NOA) from Oil and Natural Gas Corporation Limited (ONGC) for 2D Seismic Data Acquisition in PEL, Kangra Mandi, Himachal Pradesh valued at approx. Rs. 68.70 crores (inclusive of GST). The Company has acknowledged the receipt of this NOA and has confirmed acceptance of the same.

Commenting on the same, Mr. Ashutosh Kumar, Whole-time Director & CEO said, 'This is third order in a row in this month, after Rajadahi Block from Coal India of Rs. 33.47 crores and Tripura from Oil India of Rs.40.26 crores. With this NOA, the Company's order book crosses Rs. 700 crores during the financial year 2020-21. This is yet another recognition of Company's capability by esteemed organizations like ONGC. We will continue to build further based on our performance and trust reposed by our clients.

Shares of Asian Energy Services Ltd. was last trading in BSE at Rs.106 as compared to the previous close of Rs. 105. The total number of shares traded during the day was 22024 in over 133 trades.

The stock hit an intraday high of Rs. 106 and intraday low of 103. The net turnover during the day was Rs. 2310941.

Source : Equity Bulls

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