Alphageo India has informed that the company has been awarded Contracts from Geological Survey of India (‘GSI’) for conducting the airborne geophysical surveys over 2 identified blocks in and around Obvious Geological Potential Areas of India with an estimated Contract Value aggregating to Rs 45.88 Crores (exclusive of taxes). The company’s pursuance in diversifying its activities into other form of geophysical services will become real by achieving these contracts. These projects will be executed with the technical support from internationally renowned player in conducting airborne geophysical services.
The above information is a part of company’s filings submitted to BSE.