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Last Updated : Dec 14, 2016 09:34 AM IST | Source: Moneycontrol.com

Asian Oilfield, Scanpoint Geomatics up 10-20% on order win

Asian Oilfield Services has received letter of award of contract for 2D Seismic data acquisition from Oil India for an estimated contract value of Rs 63.75 crore.

 
 
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Moneycontrol Bureau

Shares of Asian Oilfield Services and Scanpoint Geomatics rose 10 percent and 20 percent respectively on Wednesday on the back of order win.

Scanpoint Geomatics has been awarded a project for establishment of ground control network, conducting survey\\resurvey and updation of the survey and settlement operation in Rajasthan by the Government of Rajasthan.

The aggregate value of the said order is Rs 95.47 crore and execution period shall be five years.

The company's board meeting is scheduled today, to consider and accord a fresh approval to issue equity shares on right basis.

Asian Oilfield Services has received letter of award of contract for 2D Seismic data acquisition from Oil India for an estimated contract value of Rs 63.75 crore.

At 09:30 hrs Asian Oilfield Services was quoting at Rs 116.90, up 3.63 percent. It has touched a 52-week high of Rs 124.

Scanpoint Geomatics was quoting at Rs 18.50, up 19.74 percent. There were pending buy orders of 508,271 shares, with no sellers available

Posted by Rakesh Patil
First Published on Dec 14, 2016 09:34 am
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