Smallcap stock jumps 5% after receiving ₹46 Cr order from sun petrochemicals in Gujarat

Synopsys:
Asian Energy Services Limited has announced that it has secured a new Contract worth Rs. 46 crore, from Sun Petrochemicals for 3D Seismic data acquisition and processing in Gujarat.

The stock, known for providing geophysical services like land and well seismic surveys, as well as operation and maintenance services for oilfields, is in focus after winning a new contract worth Rs.46 crore.

With a market capitalization of Rs. 1,352 Crore,shares of Asian Energy Services Limited opened at Rs.298.40 per equity share, from its previous day’s closing price of Rs.292.40, and made an intra-day high of Rs.309.10 (5.71percent).

Contract Details

Asian Energy Services Limited, a leading energy and mining services company, has received a new work order worth Rs.46 crore from Sun Petrochemicals. The project involves 3D Seismic Data Acquisition and Processing in the Gulf of Khambhat region in Gujarat. The contract is scheduled to be completed within 12 months.

This new contract adds to Asian Energy Services Limited’s portfolio of end-to-end energy services and supports its broader strategy to expand its presence in the upstream oil and gas sector. It also reinforces the company’s strong execution capabilities and growing market reputation.

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About The Company

Asian Energy Services Limited provides services to the oil, gas, and energy sectors. It mainly helps in exploring and developing energy resources by offering solutions like seismic surveys, drilling support, and pipeline services. The company works with both Indian and international clients and plays an important role in energy infrastructure projects.

The company has built a strong presence in the industry by working with well known clients like ONGC, Vedanta, Sun Petrochemicals, OIL India, Coal India, AGCL and others, which reflects its trusted reputation and solid client base.

The company currently has a strong order book of Rs.973 crore. Out of this,  Rs.550 crore (56 percent) comes from the Operations & Maintenance (O&M) segment, Rs.350 crore (36 percent) from the infrastructure segment, and the remaining Rs.74 crore (8 percent) from seismic services.

The company’s revenue from operations surged from Rs.305 crore in FY24 reaching Rs.465 crore in FY25, reflecting strong business growth. Net profit also rose from Rs. 26 crore to Rs.42 crore, indicating better cost management and profitability. These figures highlight an improvement in both revenue and overall financial performance.

Written by Sudeep Kumbar

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