Alphageo shines on bagging order from Vedanta

Alphageo (India) Limited bagged order from Vedanta Limited for 2D and 3D Seismic Data Acquisition Services in Assam for an estimated contract value of Rs 184 crore (inclusive of taxes).

Incorporated in 1987, Alphageo (India) Ltd is India’s oldest and largest private sector provider of seismic data acquisition services. The company provides a wide range of geophysical services to renowned national and international oil and gas exploration companies and research organisations to identify subterranean deposits of hydrocarbons and other minerals with accuracy.

Until 2005, Alphageo offered only 2D acquisition services but later, it started offering 3D too. It became the first Indian company to offer 3D acquisition services for identifying subterranean deposits with accuracy. The Company’s clients include large national and international oil majors like ONGC, Oil India Limited, GAIL (India), Petronas Carigali Inc. and so on.

Reacting to this update, on Thursday, the stock of the company closed at 205.30, up by 3.63 per cent per share. The intraday high is Rs 237.70 and intraday low is Rs 191.80. The 52-week high is Rs 547.50 and 52-week low is Rs 153.10 on BSE.