Asian Energy Services secures ~₹865 crore integrated service contract from Vedanta Limited
The contract value of ~₹865 crore is substantial for Asian Energy Services Limited and spans over 57 months, ensuring a significant and stable revenue stream for an extended period, which is highly impactful for the company's financial outlook.
The company has secured a significant contract worth approximately ₹865 crore from a long-standing client, Vedanta Limited, indicating continued business growth and client trust.
* Asian Energy Services Limited (AESL) has been awarded an Integrated Service Contract by Vedanta Limited. * The total contract value is approximately ₹865 crore, including GST. * The order is to be executed over a period of 57 months. * Mr. Kapil Garg, Managing Director, Asian Energy Services Limited, commented, "We are honoured to receive Integrated Service Contract for field development and Operations & Maintenance (O&M) contract from Vedanta, one of our valued and long-standing client. This repeat engagement reflects the trust we’ve built through dependable service and a strong focus on operational excellence. Integrated O&M remains a core area of focus at Asian Energy Services and a key growth driver. Our ability to manage critical infrastructure safely and efficiently continues to make us a preferred partner in the energy sector. This mandate reaffirms confidence in our team’s capability to consistently deliver in complex and challenging environments."
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