Shares of Asian Energy Services Ltd. jumped nearly 9.5% to ₹312.20 in early trade on Monday, following the company’s announcement of securing a major order from Vedanta Ltd. In a press release dated July 27, the company said it had received an Integrated Service Contract worth approximately ₹865 crore, including GST, from Vedanta.
The contract will be executed over a period of 57 months and covers field development and operations & maintenance (O&M) services. This engagement marks a continuation of Asian Energy’s longstanding relationship with Vedanta and reflects growing trust in its execution capabilities.
Kapil Garg, Managing Director of Asian Energy, highlighted that integrated O&M remains a core focus and growth driver for the company. “This repeat engagement reflects the trust we’ve built through dependable service and a strong focus on operational excellence,” he said.
Asian Energy Services, which provides end-to-end upstream energy and mining services—including seismic data acquisition, production enhancement, and installation of material handling systems—expects this project to further strengthen its position as a preferred service provider in the energy sector.
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