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Asian Energy Services secures LOA from Central Mine Planning & Design Institute

15 Oct 2020 Evaluate

Asian Energy Services has received a Letter of Acceptance (LOA) from Central Mine Planning & Design Institute for 3D Seismic Survey along with exploration in the Rajadahi Block, Mand-Raigarh Coal field of Raigarh district in Chhattisgarh valued at approximately Rs 33.47 crore ((inclusive of GST). The company has accepted the LOA.

As a part of the diversification strategy, the company has decided to extend its services to minerals and other energy sectors. This LOA is the stepping stone towards the company's strategic decision and opens up new avenues for growth of business.

Asian Energy Services (formerly Asian Oilfield Services) provides range of services to reputed national and multinational companies. The company banks on the rich experience of well qualified professionals for providing seismic data acquisition, processing and Interpretation services.

Peers
Company Name CMP
ONGC 237.95
Oil India 479.00
Jindal Drilling&Inds 591.05
Asian Energy Service 474.30
Aban Offshore 14.01
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