Alphageo (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
ALPHAGEO · price
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Alphageo (India) Limited's material subsidiary, Alphageo Offshore Services Pvt Ltd (AOSPL), has received a contract from Oil India Limited, Rajasthan. The contract is for 2D and 3D Seismic Data Acquisition in Gujarat, valued at Rs. 34.98 Crores plus applicable taxes. The work is to be completed by May 2026. The order is domestic in nature and not a related party transaction. Promoter and group companies have no interest in the awarding entity.
This is a positive order win that adds Rs. 34.98 Crores to the order book of the company's subsidiary, providing revenue visibility through mid-2026. For a small-cap company, such a contract win from a major public sector oil company could boost investor sentiment and support near-term stock performance.