Hot Pursuit
Alphageo hits the roof on securing Rs 118-cr orders from ONGC As on : 16-Dec-24  14:18

The first contract entails 2D seismic data acquisition in Sector 1 of Chhattisgarh worth Rs 38.29 crore. The order is to be executed by January 2026.

Further, the subsequent contract includes 2D seismic data acquisition in Sector 3A of Krishna-Godavari worth Rs 80.34 crore and it is to be executed by May 2026.

Alphageo (India) provides seismic-data acquisition and processing services to oil and gas exploration entities.

The company reported a consolidated net profit of Rs 1.77 crore in Q2 FY25 as against net loss of Rs 4.31 crore in Q2 FY24. Net sales soared 682% YoY to Rs 18.69 crore in September 2024 quarter.

The company has a current market capitalization of Rs 286.35 crore.

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