Debt-free company bags new order worth Rs 34,98,00,000 from Oil India Ltd

On Friday, one of the Top Gainers on BSE & NSE, shares of Alphageo (India) Limited jumped 6 per cent to Rs 267 per share from its previous closing of Rs 251.65 per share. The stock’s 52-week high is Rs 521.80 per share and its 52-week low is Rs 216.15 per share.

Alphageo (India) Limited, through its Material Subsidiary Company, Alphageo Offshore Services Private Limited (AOSPL), has secured a significant domestic contract from Oil India Limited for 2D and 3D Seismic Data Acquisition in Gujarat. The contract is valued at Rs 34.98 crore plus applicable taxes. This specialised service order is set to be executed by May 2026. This award highlights AOSPL's continued expertise in seismic data acquisition, contributing to oil and gas exploration within India.

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About the Company

Alphageo (India) Ltd, established in 1987, has carved a niche in the geophysical industry by offering comprehensive seismic data acquisition, processing and interpretation services. The company caters to the exploration needs of both hydrocarbons and minerals, playing a pivotal role in the discovery of new resources. With a strong focus on quality and innovation, Alphageo has consistently delivered reliable and accurate results to its clients.

The company's business operations encompass a wide range of services, including seismic survey design and preplanning, data acquisition in 2D and 3D formats, data processing and reprocessing, seismic data interpretation, prospect evaluation, reservoir data analysis, and topographic surveys. Alphageo's expertise extends to various aspects of the geophysical exploration process, ensuring that clients receive a holistic and efficient solution.

Alphageo has garnered a strong reputation in the industry and has a diverse clientele that includes major players such as Istech Resources Asia, Petronas Carigali, BPRL, GAIL, ONGC, OIL, Hardy Exploration & Production, Gujarat State Petroleum Corp, Hindustan Oil Exploration Company, Essar Oil, and many others. The company's ability to deliver high-quality services and meet the specific requirements of its clients has been instrumental in its success.

The company has a market cap of Rs 169 crore and as of March 2025, it is debt-free. The stock is up by 23 per cent from its 52-week low of Rs 272.85 per share.

Disclaimer: The article is for informational purposes only and not investment advice.