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  • Asian Energy Services gains on inking MoU with RosGeo

    Asian Energy Services (AESL) advanced 3.02% to Rs 161.80 after the company announced the signing of MoU with Russian Joint Stock Company Rosgeologia (RosGeo).



    The memorandum of understanding (MoU) is for long-term cooperation in seismic and geophysical surveys in India and other countries.

    RosGeo is the largest geological exploration holding company in the Russian Federation with a developed production and technical capabilities, high professional competences and a unique scope of accumulated geological information.

    Under this MOU both AESL and RosGeo will jointly consider opportunities in offshore, onshore and transit geophysical work including data acquisition, processing and interpretation. The cooperation between both parties expands to aero-geophysical, gravity & magnetic surveys as well and other services including drilling as mutually agreed between AESL and RosGeo.

    Ashutosh Kumar, whole time director and CEO, said, “We are excited and pleased to partner with RosGeo for long term cooperation. AESL has been focusing mainly on onshore seismic surveys in India and with this MOU, AESL will be able to explore various opportunities in Offshore and Transit zone seismic surveys as well.

    Further, expertise of RosGeo in aero-geophysical, gravity & magnetic surveys will also help us in exploring opportunities in other minerals segment. This partnership with RosGeo provides us both technical strengths as well operation capabilities with access to very wide resources (equipment and manpower) pool.

    This long-term cooperation will be a stepping stone in AESL journey to expand its services portfolio to different type of geophysical surveys in all terrains be it onshore, offshore and transit.”

    Asian Energy Services specializes in a geophysical range of onshore seismic and drilling services, including acquisition, imaging and field evaluation and two-dimensional (2D) and three-dimensional (3D) seismic data acquisition services. The group also provides EPC and operations and maintenance services for various oil & gas production units.

    The company's consolidated net profit surged to Rs 20.62 crore in the quarter ended June 2021 as against Rs 5.07 crore during the previous quarter ended June 2020. Net sales rose 11.33% YoY to Rs 76.96 crore during the quarter.

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Flash News 23-Oct-2021
  •  ( 16:42) ICICI Bank Q2 PAT rises 30% YoY to Rs 5,511 cr  
  •  ( 14:02) Metropolis Healthcare acquires Hitech and arm, Centralab for Rs 636 cr  
  •  ( 13:25) Zuari Agro Chemicals announces shutdown of NPK plants  
  •  ( 13:22) Zuari Agro Chemicals announces temporary shutdown of NPK plants  
  •  ( 13:03) Grasim Inds. buys 13,000 shares of wholly-owned arm, ABRSPL for Rs 1.30 lakh  
  •  ( 13:00) Grasim Inds. buys 13,000 shares of wholly-owned arm for Rs 1.30 lakh  
  •  ( 12:24) Dow posts record closing high  
  •  ( 12:21) ABB Power Products Q3 FY22 PAT up 621% Y-o-Y to Rs 34.32 cr  
  •  ( 12:19) Tata Elxsi Q2 PAT rises 59% YoY to Rs 125 cr  
  •  ( 12:19) Dodla Dairy Q2 PAT slips 31% YoY to Rs 29 cr  
  •  ( 11:13) Sundaram-Clayton registers 34% YoY growth in Q2 PAT  
  •  ( 11:01) PVR's net loss narrows to Rs 153 crore in Q2 FY22  
  •  ( 10:39) Crompton Greaves Q2 PAT up 24% YoY to Rs 170 crore  
  •  ( 10:09) Tata Elxsi Q2 PAT rises 59% YoY to Rs 125 cr  
  •  ( 09:45) Tata Consumer Products Q2 PAT rises 4% YoY to Rs 268 cr  
  •  ( 09:15) Gland Pharma records 38% YoY rise in Q2 PAT  
  •  ( 09:03) RIL Q2 PAT jumps 43% YoY to Rs 13,680 cr  
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22 October 2021 00:00
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