Synopsis:
Asian Energy Services Limited has announced that it has secured a new Contract worth Rs. 865 crores, from Vedanta for integrated service.
The stock, known for providing geophysical services like land and well seismic surveys, as well as operation and maintenance services for oilfields, is in focus after winning a new contract worth Rs. 865 crores.
With a market capitalization of Rs. 1,481 Crores, shares of Asian Energy Services Limited opened at Rs. 308.05 per equity share, from its previous day’s closing price of Rs. 285.05, and made an intra-day high of Rs. 334.00 (17 percent).
Contract details
Asian Energy Services Limited, a company known for offering complete solutions in the energy and mining sectors, has secured a major contract worth Rs. 865 crore from Vedanta Limited. The contract will be carried out over the next 57 months.
Under this agreement, Asian Energy Services Limited will handle both the development of oil and gas fields and the operations and maintenance (O&M) of related facilities. This new project strengthens the long-standing partnership between AESL and Vedanta, highlighting the trust Vedanta places in AESL’s reliable and high-quality services.
About The Company
Asian Energy Services Limited provides services to the oil, gas, and energy sectors. It mainly helps in exploring and developing energy resources by offering solutions like seismic surveys, drilling support, and pipeline services. The company works with both Indian and international clients and plays an important role in energy infrastructure projects.
The company has built a strong presence in the industry by working with well known clients like ONGC, Vedanta, Sun Petrochemicals, OIL India, Coal India, AGCL and others, which reflects its trusted reputation and solid client base.
The company currently has a strong order book of Rs. 973 crores. Out of this, Rs. 550 crores (56 percent) comes from the Operations & Maintenance (O&M) segment, Rs. 350 crores (36 percent) from the infrastructure segment, and the remaining Rs. 74 crores (8 percent) from seismic services.
The company’s revenue from operations surged from Rs. 305 crores in FY24 reaching Rs. 465 crores in FY25, reflecting strong business growth. Net profit also rose from Rs. 26 crores to Rs. 42 crores, indicating better cost management and profitability. These figures highlight an improvement in both revenue and overall financial performance.
Written by: Sudeep Kumbar
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