Asian Energy Services Ltd receives order worth Rs. 37.71 crores from Sun Petrochemicals Pvt Ltd

Asian Energy Services Limited ("AESL") has received LOA from Sun Petrochemicals Private Limited for 3D Seismic Data Acquisition and Processing Services for Sunpetro's fields/blocks in Gujarat. The value of LOA is INR 37.71 crores excluding GST. The Work under this LOA will be executed in 6 (Six) Months.

Mr. Kapil Garg, Managing Director, Asian Energy Services Ltd., speaking about the order win said, This is the first Seismic contract we have secured in this Financial Year from Sun Petrochemicals Private Limited. This not only shows our leadership position in the seismic services field, but also indicates inflow of new work orders.

Shares of Asian Energy Services Ltd was last trading in BSE at Rs. 281.25 as compared to the previous close of Rs. 278.50. The total number of shares traded during the day was 4731 in over 300 trades.

The stock hit an intraday high of Rs. 285.05 and intraday low of 277.90. The net turnover during the day was Rs. 1330070.00.

Source : Equity Bulls

Keywords

AsianEnergyServices INE276G01015 OrderWin SunPetrochemicals