Asian Energy Services Wins ₹865 Crore Contract from Vedanta for O&M and Field Development

Asian Energy Services Limited (AESL) has secured a new integrated service contract worth approximately ₹865 crore (including GST) from Vedanta Limited, a long-standing client. The project will be executed over 57 months, strengthening AESL’s position in the energy services sector.

Scope of Work

The contract includes:

• Field development services
• Operations & Maintenance (O&M) of energy infrastructure

AESL’s strong track record in managing complex projects safely and efficiently played a key role in securing this repeat order from Vedanta.

Kapil Garg, Managing Director of AESL, expressed his gratitude for the contract and highlighted that this engagement demonstrates Vedanta’s continued trust in AESL’s capabilities. He emphasised that O&M is a key growth area for the company, and this win reflects its commitment to operational excellence in critical energy infrastructure.

About AESL

Asian Energy Services offers a wide range of services across the upstream oil and gas value chain, including:

• 2D and 3D seismic data acquisition
• Production enhancement
• O&M of onshore and offshore facilities
• Mining services, like the installation of material handling plants and rapid loading systems

After being acquired by Oilmax Energy Pvt Ltd, AESL has expanded its offerings to unlock greater value for investors and stakeholders. 

Read More: IndusInd Bank Plans ₹30,000 Crore Fundraise via Debt, Equity Instruments!

Asian Energy Services Share Price Movement

As of July 28, 2025, Asian Energy Services share price (NSE: ASIANENE) is trading at ₹325.20, up 14.05% for the day. The stock opened at ₹309.10 and touched a high of ₹334.90 and a low of ₹297.60 during the session. The company has a market capitalisation of ₹1,460 crore and a price-to-earnings (P/E) ratio of 33.29. It currently does not offer a dividend yield. Over the past year, the stock has reached a 52-week high of ₹444.15 and a 52-week low of ₹215.00.

Conclusion

This ₹865 crore contract from Vedanta not only strengthens AESL’s long-term relationship with a key client but also reinforces its position as a trusted player in the energy services space. With a strong focus on safety, efficiency, and integrated solutions, AESL continues to grow in complex and high-value projects.

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