Alphageo zooms on bagging contract worth Rs 1482 crore from ONGC

08 Jun 2016 Evaluate

Alphageo (India) is currently trading at Rs 792.10, up by 132 points or 20% from its previous closing of Rs. 660.10 on the BSE.

The scrip opened at Rs. 765.00 and has touched a high and low of Rs. 792.10 and Rs. 756.00 respectively. So far 115776 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 720.00 on 30-Nov-2015 and a 52 week low of Rs. 268.00 on 24-Aug-2015.

Last one week high and low of the scrip stood at Rs. 660.10 and Rs. 480.00 respectively. The current market cap of the company is Rs. 446.33 crore.

The promoters holding in the company stood at 41.98% while Institutions and Non-Institutions held 0.26% and 57.76% respectively.

Alphageo (India) has been issued various Letters of Award (LoA) of contracts by ONGC for acquisition of 2D seismic Data in un-appraised on land areas of Indian Sedimentary Basins of India as a part of the National Seismic Program by March 2019.The estimated total value of the awards received is about Rs 1482 crore inclusive of taxes. The company has acknowledged the receipt of these Letters of Awards and has initiated the necessary steps to accept and execute the same.

Alphageo (India) is engaged in providing seismic survey services to the oil exploration and production sector. Its comprehensive service range makes it possible for customers generally oil and gas exploration companies - to identify subterranean deposits with efficiency and effectiveness.

Alphageo India Share Price

460.50 25.65 (5.90%)
26-Dec-2024 16:59 View Price Chart
Peers
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Engineers India 186.05
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