Shares of Alphageo (India) were up nearly 2% at Rs 586 on the Bombay Stock Exchange after the company said it has received an order from state-owned oil explorer Oil India.
The company said in a release that it has received Letter of Award of contract from Oil India Ltd for 2D Seismic Data Acquisition in the areas covering parts of Assam & Arunachal Pradesh for an estimated contract value of Rs 102.42 crore.
This contract is under National Seismic Program for acquisition of 2D Seismic Data in unappraised areas of North East India entrusted to Oil India Ltd, the release added.
The stock opened at Rs 596 and touched a high of Rs 605. At 12:15pm, over 63,000 shares were traded on both the stock exchanges.
