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Alphageo shines on bagging contract worth Rs 1482 crore from ONGC

07 Jun 2016 Evaluate

Alphageo (India) is currently trading at Rs 660.10, up by 110 points or 20% from its previous closing of Rs 550.10 on the BSE.

The scrip opened at Rs 580.00 and has touched a high and low of Rs 660.10 and Rs 580.00 respectively. So far 74713 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 720.00 on 30-Nov-2015 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 567.80 and Rs 480.00 respectively. The current market cap of the company is Rs 371.95 crore.

The promoters holding in the company stood at 41.98% while Institutions and Non-Institutions held 0.26% and 57.76% respectively.

Alphageo (India) has been issued various Letters of Award (LoA) of contracts by ONGC for acquisition of 2D seismic Data in un-appraised on land areas of Indian Sedimentary Basins of India as a part of the National Seismic Program by March 2019.The estimated total value of the awards received is about Rs 1482 crore inclusive of taxes. The company has acknowledged the receipt of these Letters of Awards and has initiated the necessary steps to accept and execute the same.

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%)
17-Apr-2026 16:59 View Price Chart
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