Asian Energy Services (AESL) is merging with Oilmax Energy, a move set to transform AESL into a leading integrated energy and minerals company.

This merger combines Oilmax’s asset ownership (oil & gas blocks, minerals) with AESL's project execution capabilities (seismic, EPC, O&M), creating powerful synergies.

The strategy aims for operational efficiencies, cost savings, and a diversified portfolio.

This positions the combined entity to leverage supportive energy policies, rising demand, and increasing private sector involvement for substantial growth in India's energy and mineral markets.

A recent Vedanta order already highlights their integrated service advantage.

Proforma FY25 figures for the merged entity show Revenue at 593 Cr, EBITDA at 143 Cr (24% margin), and PAT at 91 Cr (15% margin), with RoCE and RoE both at 20%. Management views this as a landmark, building a stronger, more resilient enterprise prepared for significant market opportunities.