Rs 973 crore order book: Oil exploration company Secures Rs 865 Crore Contract from Vedanta for 57 Months

DSIJ Intelligence-2 / 28 Jul 2025/ Categories: Mindshare, Trending

Rs 973 crore order book: Oil exploration company Secures Rs 865 Crore Contract from Vedanta for 57 Months

The stock is 31.32 per cent up from its 52-week low of 215 per share.

On July 27, 2025, Asian Energy Services Limited (AESL), an integrated service provider in the energy and mining sectors, announced that it has secured an Integrated Service Contract from Vedanta Limited. The contract, valued at approximately Rs 865 crores including GST, is slated for execution over 57 months.

Mr. Kapil Garg, Managing Director of AESL, highlighted that this contract marks another milestone in their long-standing association with Vedanta. He stated that repeat mandates from clients reflect the trust built through consistent delivery, operational excellence, and a focus on safe, efficient management of critical infrastructure. He also noted that Integrated Operations & Maintenance (O&M) remains a key strategic growth driver for the company.

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AESL offers comprehensive services across the upstream value chain, including 2D and 3D Seismic Geographical Data Acquisition, Operations and Maintenance of onshore and offshore oil and gas production facilities, and production enhancement services. The company also provides mining services such as supply and installation of Material Handling Plants and Rapid Loading Systems. Since its acquisition by Oilmax Energy Private Limited (OEPL), AESL has expanded its business verticals to capture more value in the energy and upstream oil and gas segments.

As of July 25, 2025, AESL’s share price on the NSE closed at Rs 284.75, down 1.09 per cent from the previous close of Rs 287.90. During intraday trading, the stock opened at Rs 285.00, touched a high of Rs 290.85, and a low of Rs 283.85. For the quarter ending March 31, 2025, the company reported revenue of Rs 216.2 crores and net profit of Rs 20.6 crores, marking 81.45 per cent and 38.67 per cent year-on-year growth, respectively. Over the past three years, AESL reported a return on equity of 3.88 per cent.

The company has a market cap of over Rs 1,200 crore and as of March 31, 2025, it has an order book of Rs 973 crore. The stock is 31.32 per cent up from its 52-week low of 215 per share.

Asian Energy Services continues to focus on building sustainable, long-term value for its stakeholders through strategic growth initiatives and integrated service offerings.

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