Asian Oilfield Services has received a Letter of Award  (LoA) of contract worth Rs 1.08 billionfrom ONGC for 2D Seismic Data Acquisition in unapprised on land areas of Sedimentary Basins of India for Sector 6 (Ganga).

The company has acknowledged the receipt of this Letter of Award and has initiated the process of execution and acceptance of contract for the same. We request you to acknowledge and broadcast this news.

Shares of the company gained Rs 11.45, or 4.99%, to trade at Rs 240.85. The total volume of shares traded was 61,517 at the BSE (11.41 a.m., Friday).