Debt-free company bags new order worth Rs 131,63,00,000 from Oil India Limited
The stock is up by 63.4 per cent from its 52-week low of Rs 268 per share.
Alphageo (India) Limited has been awarded a contract by Oil India Limited, Duliajan, Assam, for the acquisition of 20 Seismic Data in the Ganga-Punjab Basin. The contract, valued at Rs 131.63 crore (inclusive of taxes) is a domestic order that requires Alphageo to complete the seismic data acquisition by June 2026. This significant contract win solidifies Alphageo's position as a leading player in the seismic data acquisition industry.
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.
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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 278.78 crore as of June 2024, it is debt-free. The stock is up by 63.4 per cent from its 52-week low of Rs 268 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.