Asian Oilfield receives contracts worth Rs 140cr; shares up 10%

Moneycontrol BureauShares of Asian Oilfield Services gained 10.5 percent intraday Tuesday as it has received two contracts worth Rs 140 crore.The company has received letters of award of two contracts from Oil India for an estimated value of Rs 140 crore for both the contracts. The contract is for acquisition of 2D Seismic data in unappraised on land areas of North East India.At 09:16 hrs Asian Oilfield Services was quoting at Rs 78.25, up Rs 6.35, or 8.83 percent.Posted by Rakesh Patil