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Asian Energy Services secures contract worth Rs 200 crore from Assam Gas Company

17 Dec 2024 Evaluate

Asian Energy Services (AESL) has been awarded an order from Assam Gas Company for Supplying Compressor Station on Build, Own, Operate, and Transfer (BOOT) basis for 3 years. The total contract value is around Rs 200 crore of which around Rs 82 crore to be realised in the first year on Free on Truck (FOT) site basis which is inclusive of freight, unloading and stacking but exclusive of GST. 

The Mobilisation of 1st Compressor is expected to be completed in Q4FY25 and the rest will be completed in the following Financial Year.

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
Deep Industries 766.55
Asian Energy Service 474.30
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