Asian Energy Services Ltd Secures INR 48 CR Letter of Intent from Hardy Exploration & Production (India) Inc.

Asian Energy Services Ltd (AESL) has announced the securing of a significant Letter of Intent (LOI) from Hardy Exploration & Production (India) Inc. The LOI, valued at approximately INR 48 CR including taxes, pertains to the laying of flexible flow lines, dynamic risers, control umbilicals, and associated accessories in PY3 Field in Southern Coast of India. The work is scheduled for execution in FY25, and includes an option for extension of scope by Hardy Exploration & Production. This contract adds to AESL's expansive services offering in the Oil & Gas sector and strengthens its position as a top service provider. Mr. Kapil Garg, MD of AESL, expressed excitement about the award, highlighting its significance as a testament to his company's credibility and relationship in the Oil & Gas industry.