Deals17 Dec 2024, 07:57 pm
Asian Energy Services Secures Rs. 200 crores Contract from Assam Gas Company
AI Summary
Asian Energy Services Limited (AESL) has been awarded a contract from Assam Gas Company Limited for supplying a compressor station on a Build, Own, Operate, and Transfer (BOOT) basis for 3 years. The total contract value is approximately Rs. 200 crores, with Rs. 82 crores expected to be realized in the first year. The mobilization of the compressor is expected to be completed in Q4FY25. This achievement underscores AESL's commitment to the operations and maintenance segment and highlights its expertise in delivering end-to-end upstream energy solutions.
Key Highlights
- AESL secures a contract worth approximately Rs. 200 crores from Assam Gas Company Limited.
- The contract is for supplying a compressor station on a BOOT basis for 3 years.
- Approximately Rs. 82 crores expected to be realized in the first year.
- The mobilization of the compressor is expected to be completed in Q4FY25.
- This deal underscores AESL's commitment to the operations and maintenance segment and highlights its expertise in delivering end-to-end upstream energy solutions.