 "Alphageo (India) zooms 20% on receiving letters of award from ONGC")
Alphageo (India) is locked in upper circuit of 20% at Rs 660 on the BSE after the company announced that it has received letters of award for contracts from Oil And Natural Gas Corporation of India (ONGC) for an estimated value of Rs 1,482 crore.
“The company has been issued various letters of award of contracts by ONGC for acquisition of 2D seismic data in un-appraised on land areas of India sedimentary basins of India as part of National Seismic Program by March 2019. The estimated total value of the awards received is about Rs 1,482 crore inclusive of taxes,” Alphageo (India) said in a BSE filing.
The company has acknowledged the receipt of these letters of awards and has initiated the necessary steps to accept and execute the same, it added.
Till 12:05 PM, a combined 381,266 equity shares changed hands and there were pending buy orders for 90,636 shares on the BSE and NSE.
“The company has been issued various letters of award of contracts by ONGC for acquisition of 2D seismic data in un-appraised on land areas of India sedimentary basins of India as part of National Seismic Program by March 2019. The estimated total value of the awards received is about Rs 1,482 crore inclusive of taxes,” Alphageo (India) said in a BSE filing.
The company has acknowledged the receipt of these letters of awards and has initiated the necessary steps to accept and execute the same, it added.
Till 12:05 PM, a combined 381,266 equity shares changed hands and there were pending buy orders for 90,636 shares on the BSE and NSE.
