Asian Energy Services Limited
Asian Energy Services Ltd is an oilfield service and reservoir imaging company, offering a suite of geophysical services specializing in land and well seismic services and operation and maintenance services for oilfields.It is one of the few companies providing end-to-end services in the upstream oil segment.
What Asian files
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- Investor Meet24
- Important15
- Credit Ratings9
- PPTs6
Holding company Oilmax Energy secured a Letter of Intent for the Pakro Vanadium and Graphite Block in Arunachal Pradesh. Upon the pending merger, this critical mineral asset will vest directly into Asian Energy Services, boosting future resource capabilities.
Asian Energy's holding company, OEPL, secured a hydrocarbon contract area under DSF Bid Round-IV, holding 50% interest. Upon merger, these assets will vest in Asian Energy. This development significantly expands future operational scope for the company.
Asian Energy Services formed a JV with Sadhav Shipping by selling 26% stake in its subsidiary AOSL for ₹26,000. AOSL, with nil turnover and ₹0.09 Cr net worth, ceases to be a wholly-owned entity, enabling joint pursuit of offshore oil & gas opportunities.
Asian Energy Services reported a strong Q1FY27: Revenue surged 135% to ₹271.2 Cr, and PAT jumped 129% to ₹12.8 Cr. A robust order book of ₹1,754 Cr provides multi-year visibility. Shareholders approved the Oilmax merger, expected by Sep/Oct. The company also secured new offshore block and mineral mine bids.
Asian Energy Services wins ₹187.6 Cr EPC contract from Gujarat State Electricity. This is a major strategic move beyond its traditional Coal India client base, strengthening its order book and boosting revenue visibility.