Market capitalization Rs 1700 Crore: Company receives Rs 200 crore order from Assam Gas Company Ltd
The total contract value is approximately Rs 200 crores, with around Rs 82 crores to be realized in the first year on a Free on Truck (FOT) site basis, which includes freight, unloading, and stacking but excludes GST.
Asian Energy Services Limited (AESL), an end‐to‐end service provider across the entire upstream value chain, has secured an order from Assam Gas Company Limited for the supply of a Compressor Station on a Build, Own, Operate, and Transfer (BOOT) basis for a period of three years.
The total contract value is approximately Rs 200 crores, with around Rs 82 crores to be realized in the first year on a Free on Truck (FOT) site basis, which includes freight, unloading, and stacking but excludes GST. The mobilization of the first compressor is expected to be completed by Q4FY25, with the remaining units to be finished in the subsequent financial year. Following the announcement, AESL's stock rose by 1.37 per cent to close at Rs 389.35 in otherwise weak market.
Commenting on this, Mr Kapil Garg, Managing Director, Asian Energy Services Limited said, “This achievement underscores our unwavering commitment to the operations and maintenance segment and highlights our proven expertise in delivering end-to-end upstream energy solutions. With the government’s increasing emphasis on natural gas as a key component of the energy transition, we are well-positioned to leverage emerging opportunities in this evolving sector.”
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About the Company:
Asian Energy Services Limited (AESL) provides end-to-end services across the entire upstream value chain. AESL offers integrated oil and 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 such as the supply and installation of material handling plants and rapid loading systems. Since being acquired by Oilmax Energy Private Limited (OEPL), AESL has diversified its business verticals to capture greater value across the energy and upstream oil and gas sectors, ensuring long-term value creation for its investors and stakeholders.
Company has a market cap of Rs 1,737.25 crore. As of September 2024, the company has a total order book of Rs 997 crore.
Disclaimer: The article is for informational purposes only and not investment advice.