Asian Energy Secures ₹54 Crore Contract from Sun Petrochemicals
Filing Summary
Asian Energy Services Limited has received a Letter of Award from Sun Petrochemicals Private Limited for the acquisition and processing of 4D seismic data for the Bhaskar Field in Gujarat. The contract, valued at ₹54 crore, is a domestic service agreement with a one-year execution timeline. There is no involvement of related party transactions, and the promoter group has no interest in Sun Petrochemicals. This update is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Asian Energy Services Limited has announced the receipt of a Letter of Award from Sun Petrochemicals Private Limited dated December 3, 2025. The award pertains to the acquisition and processing of 4D seismic data for Sun Petrochemicals’ Bhaskar Field located in Gujarat. This development was communicated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The contract is a domestic service agreement with a total consideration of ₹54 crore. The scope of work involves the acquisition and processing of seismic data, which is expected to be completed within a period of one year. The contract does not involve any related party transactions, and there is no interest from the promoter or promoter group in Sun Petrochemicals.
Sun Petrochemicals Private Limited is engaged in the exploration and production of hydrocarbons. The company focuses on enhancing its operational capabilities through strategic partnerships and technological advancements in the energy sector.
Asian Energy Services Limited specializes in providing comprehensive services in the energy sector, including seismic data acquisition and processing. The company is committed to expanding its service offerings and strengthening its position in the domestic market through strategic contracts and collaborations.