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Asian Energy Services rises on receiving contract worth Rs 236 crore from HEC

19 Oct 2021 Evaluate

Asian Energy Services is currently trading at Rs. 162.80, up by 1.25 points or 0.77% from its previous closing of Rs. 161.55 on the BSE.

The scrip opened at Rs. 165.00 and has touched a high and low of Rs. 165.90 and Rs. 160.05 respectively. So far 83267 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 178.65 on 16-Sep-2021 and a 52 week low of Rs. 83.55 on 22-Dec-2020.

Last one week high and low of the scrip stood at Rs. 166.90 and Rs. 152.90 respectively. The current market cap of the company is Rs. 623.28 crore.

The promoters holding in the company stood at 59.61%, while Institutions and Non-Institutions held 0.08% and 40.30% respectively.

Asian Energy Services has been awarded contract worth Rs 236 crore (inclusive of GST) for Coal Handling Infrastructure by Heavy Engineering Corporation (HEC) at Gevra, Chhattisgarh. This marks the fruition of company’s efforts to foray in the coal infrastructure sector, a campaign which began in 2020 when AESL diversified from primarily oil and gas to other energy services.

The company has also been selected as an approved awardee for Coal Handling Infra project at Hura OCP by Eastern Coalfields (ECL) worth Rs 128 crore (inclusive of GST). The company is awaiting LOA from ECL pending completion of necessary land acquisition by ECL which is expected soon.

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.

Asian Energy Service Share Price

316.20 3.45 (1.10%)
22-Apr-2026 16:01 View Price Chart
Peers
Company Name CMP
ONGC 283.70
Oil India 469.35
Jindal Drilling&Inds 542.35
Deep Industries 480.00
Asian Energy Service 316.20
View more..

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