Asian Energy Services Ltd receives NOA from ONGC for order valued Rs. 46.87 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 3D Seismic Data Acquisition in Central Baramura area, A&AA Basin, valued at approx. Rs. 46.87 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, "We operate in a sector that enjoys focus as well as an equal amount of responsibility. Not letting the COVID-19 catastrophe slow us down, we have continued expansions across our services in coal and oil and gas sector. Receipt of this award reflects the company's focus on its core business simultaneously diversifying into new energy sectors."

Shares of ASIAN ENERGY SERVICES LTD was last trading in BSE at Rs. 160.4 as compared to the previous close of Rs. 163.8. The total number of shares traded during the day was 115050 in over 1505 trades.

The stock hit an intraday high of Rs. 165.9 and intraday low of 160. The net turnover during the day was Rs. 18659920.

Source : Equity Bulls

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