Rs 973 crore order book: Oil exploration company Secures Rs 46 crore contract from Sun Petrochemicals for 3D seismic data acquisition & processing in Gujarat

On Thursday, shares of Asian Energy Services Ltd gained 3.71 per cent to Rs 303.25 per share from its previous closing of Rs 292.40 per share with an intraday high of Rs 309.10 and an intraday low of Rs 298. The stock’s 52-week high is Rs 444.35 and its 52-week low is Rs 214.85.  

Asian Energy Services Limited (AESL) has secured a significant contract valued at approximately Rs 46 crore (exclusive of GST) from Sun Petrochemicals. This contract involves the provision of 3D Seismic Data Acquisition & Processing services in the Gulf of Khambhat, Gujarat. AESL, a prominent integrated service provider in the energy and mining sectors, is expected to execute this order over 12 months.

Asian Energy Services Limited (AESL) offers end-to-end services which extend across the entire upstream value chain. AESL’s service offerings comprise Integrated Oil & Gas services, including 2D and 3D Seismic Geographical Data Acquisition, Operations and Maintenance of Onshore and Offshore Oil and Gas Production Facilities, production enhancement services and Mining services, including supply and installation of Material Handling Plants and Rapid Loading Systems. Since its acquisition by OEPL, AESL has diversified its business verticals to capture more value across the energy and upstream oil and gas value chains

The company has a market cap of over Rs 1,300 crore and as of March 31, 2025, it has an order book of Rs 973 crore. The stock is up over 40 per cent from its 52-week low of Rs 214.85 per share.

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