Alphageo (India) shares fall on revenue hit from COVID-19

Alphageo (India)

22/05/2020 05:48

** Seismic survey provider's shares  ALPI.NS  fall as much
as 5.3% to 142 rupees
    ** Company on Thursday said there was strong likelihood of
it generating no income for first two quarters of FY 2020-21 due
to government-imposed lockdowns during its most productive
months  urn:newsml:reuters.com:*:nFWN2D308G
    ** Impact of pandemic and steep fall in oil prices have led
to clients seeking reduction in prices post award of contract,
says ALPI
    ** Shares down 13.3% so far this year as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))