"Asian Energy Services Secures Contract with Hardy Exploration & Production"

Asian Energy Services Ltd (AESL) has announced the acquisition of a significant contract from Hardy Exploration & Production (India) Inc. Valued at approximately ₹48 crore, the contract entails the installation of various critical infrastructure components, including flexible flow lines, dynamic risers, control umbilicals, and associated accessories within the PY3 Field situated along the Southern Coast of India.

Scheduled for execution in the fiscal year 2025, the project's base scope also includes provisions for potential extensions, as indicated in the Letter of Intent. This extension underscores Hardy Exploration & Production (India) Inc.'s confidence in AESL's competence and reliability.

Expressing his enthusiasm, Kapil Garg, Managing Director of AESL, commented, "We are delighted to have been awarded the Letter of Intent from Hardy Exploration & Production (India) Inc. This recognition underscores our strong reputation and relationships within the Oil & Gas sector. We are poised to expand our service offerings and strengthen our partnerships with esteemed clients."

This contract further cements AESL's position as a key player in the energy infrastructure domain, following recent successes in both mining services and the oil and gas services verticals.

HBL