Asian Energy Services Wins ₹82 Crore Contract from Oil India

Asian Energy Services Limited has secured an order from Oil India for the 2D Seismic Data Acquisition of 4,300 LKM in the Rajasthan Basin under Mission Anveshan. The contract is valued at approximately ₹82 crore, inclusive of taxes and duties, and will be executed over 18 months. 

This project further strengthens Asian Energy Services’ position in the energy sector, enhancing its operational capabilities. With this new contract, the company’s total order book stands at approximately ₹1,000 crore. 

The successful completion of this project will contribute to India’s energy exploration efforts and align with the government’s focus on resource discovery and development. 

Commenting on this significant order win, the Managing Director of Asian Energy Services Limited, Mr Kapil Garg, said, “We are thrilled to have secured the 2D Seismic order, a significant step in reinforcing our presence within the industry. We remain steadfast in our commitment to actively pursue the right opportunities across every business segment and are continuously striving to enhance our capabilities and deliver excellence across the board.”

In FY 2024, the company’s total income was ₹30,962.34 lakh, compared to ₹11,372.52 lakh in FY 2023. The profit for the year ended March 31, 2024, was ₹2,870.30 lakh, up from a loss of ₹2,927.86 lakh in FY 2023.

About Asian Energy Services Limited

Asian Energy Services Limited (AESL) provides comprehensive services spanning the entire upstream value chain. Its offerings include integrated oil and gas services, such as 2D and 3D seismic geographical data acquisition, operations and maintenance of both onshore and offshore oil and gas production facilities, production enhancement services, and mining solutions. AESL also specialises in the supply and installation of material handling plants and rapid loading systems.

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