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Alphageo surges on bagging contract worth Rs 242.41 crore from ONGC

22 Sep 2015 Evaluate

Alphageo (India) is currently trading at Rs. 487.00, up by 17.80 points or 3.79 % from its previous closing of Rs. 469.20 on the BSE.

The scrip opened at Rs. 468.10 and has touched a high and low of Rs. 504.00 and Rs. 465.00 respectively. So far 19332 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.05 on 03-Nov-2014 and a 52 week low of Rs. 268.00 on 24-Aug-2015.

Last one week high and low of the scrip stood at Rs. 504.00 and Rs. 422.10 respectively. The current market cap of the company is Rs. 281.23 crore.

The promoters holding in the company stood at 41.73 % while Institutions and Non-Institutions held 0.21 % and 58.06 % respectively.

Alphageo (India) has been awarded a contract from Oil and Natural Gas Corporation (ONGC) for 3D Seismic Data Acquisition in the area of KG Basin for an estimated contract value of Rs 242.41 crore and is to be executed by June 30, 2017. This is the largest 3D volume of on-land seismic data acquisition work undertaken by ONGC till date.

Alphageo (India) is engaged in providing seismic survey services to the oil exploration and production sector. Its comprehensive service range makes it possible for customers generally oil and gas exploration companies - to identify subterranean deposits with efficiency and effectiveness.

Alphageo India Share Price

228.70 2.35 (1.04%)
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