Micro-Cap Oil Drilling Stock Under Rs.10 Soars 14.55% on New Rs.29 Cr Order from Oil India Ltd!

 

Summary

Aakash Exploration Services Ltd, a micro-cap oilfield services company, has received a Letter of Award (LOI) from Oil India Limited for the hiring of services involving high-pressure mobile boilers along with ancillaries for high-quality steam generation. Order Valued at approximately Rs.29.00 Crores.

Stock Performance

  • Following the order announcement, Aakash Exploration’s stock share price surged by 14.55%, reaching an intraday high of Rs.9.13.
  • Market Capitalization: Rs.86.06 Crore.


Key Details of the Contract

  • Client: Oil India Limited

  • Scope: Hiring of services for providing high-pressure mobile boilers and ancillaries for high-quality steam generation

  • Order Value: Rs.29.00 Crores

  • Duration: 2 Years

About the Company:

Incorporated in 2007, Aakash Exploration Services Limited provides services to Oil and Gas Field.

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