AESL Drills Up ₹38 Crore Contract with Sun Petrochemicals

Asian Energy Services Limited (AESL) has received a Letter of Award (LoA) from Sun Petrochemicals for a significant project involving 3D seismic data acquisition and processing. This project will focus on Sun Petrochemical’s fields and blocks in Gujarat.

The value of the order stands at Rs 37.71 crore, and the project is scheduled to be completed within a six-month timeframe. This substantial contract highlights AESL's expertise in the seismic services sector and reinforces its position in the industry.

This contract marks the first seismic project secured by AESL in the current financial year, reflecting a positive trend in the acquisition of new work orders. The company’s ability to secure such contracts showcases its proficiency and reliability in delivering specialized services.

AESL's achievement in obtaining this contract underscores the company’s strategic capabilities in managing complex seismic operations. It is a testament to their continued commitment to excellence and innovation in the energy services domain.

Overall, the contract with Sun Petrochemicals not only enhances AESL's portfolio but also signifies a promising start to the fiscal year, opening avenues for further growth and opportunities in the seismic services market.

News by Rahul Yelligetti