Asian Energy Services Ltd. (AESL) shares rose 4% after securing a significant Rs 200 crore contract from Assam Gas Company Limited. The project involves setting up a compressor station on a Build, Own, Operate, and Transfer (BOOT) basis for three years.
In the first year alone, AESL is expected to realize Rs 82 crores on a Free on Truck (FOT) site basis, covering freight, unloading, and stacking costs (excluding GST).
The mobilization of the first compressor is scheduled for Q4 FY25, with the remaining units to follow in the next financial year. This project underscores AESL’s growing presence in India’s energy sector and its proven ability to deliver critical infrastructure solutions.
Asian Energy Services shares opened at ₹385.80, touched a high of ₹404.00, and a low of ₹376.00 during the session. The stock is nearing its 52-week high of ₹444.15.
As of 2:36 pm, Asian Energy shares were trading 3.09% higher at Rs 395.95 on the NSE.
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