Shares of Alphageo (India) Ltd surged 6% on 26 September after the corporate introduced securing an order value Rs 34.98 crore from Oil India Ltd.
Oil India Restricted has awarded Alphageo Offshore Companies Personal Restricted, a subsidiary of Alphageo (India) Ltd, a home order for the acquisition of 2D and 3D seismic information in Gujarat for Rs. 34.98 crore (plus related taxes). The undertaking is anticipated to be accomplished by Could 2026.
With its most important workplace in Hyderabad, Alphageo (India) Restricted affords geophysical seismic providers for mineral and hydrocarbon exploration in India. The corporate was based in 1987 and gives cutting-edge surveying, evaluation, and quality-control providers to assist exploration.
Along with consulting, reservoir evaluation, topographic and aerial surveys, geophysical mapping, digitising geological information, and buying, processing, reprocessing, decoding, and evaluating exploration blocks, it additionally affords 2D, 3D, 4D, and 3C seismic information.
At 3:03 pm, the shares of Alphageo had been buying and selling 1.52% greater at Rs 255.70 on NSE.
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