India's Asian Energy Services posts record gain on contract win

Asian Energy Services

14/10/2022 07:51

** Shares of Asian Energy Services  ASIE.NS  rise as much as
20% to 85.80 rupees, a record pct gain
    ** The energy services company and its JV partner Furnace
Fabrica (India) Ltd awarded 1.61 bln rupees ($19.6 mln) contract
    ** Contract for construction, commissioning and testing of
Singareni Collieries Co's coal handling plant in Telangana
    ** Trading vols by 0650 GMT already 10x 30-day avg of 71,904
shares
    ** Stock down 47.15% so far this year as of last close
 
 ($1 = 82.3700 Indian rupees)
 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))