AESL (Asian Energy Services Ltd), a prominent player in the energy infrastructure sector, is thrilled to announce its latest achievement – a significant contract win, in partnership with another leading entity, from Hardy Exploration & Production (India) Inc.
AESL, or Asian Energy Services Ltd, is a leading provider of energy solutions in India. With a focus on renewable energy, AESL specializes in the development, construction, and operation of solar and wind power projects. The company is committed to sustainable development and reducing carbon emissions by promoting clean and green energy solutions.
AESL’s endeavors are renowned for their dependable performance, operational excellence, and unwavering commitment to the most stringent quality benchmarks. The company aspires to play a pivotal role in bolstering India’s energy self-sufficiency and advancing its environmental conservation efforts, thus ensuring a sustainable future for generations to come.
This contract involves the installation of flexible flow lines, dynamic risers, control umbilicals, and associated accessories in the PY3 Field located along the Southern Coast of India. The total value of this project, including taxes, amounts to approximately Rs 48 crore, and it is scheduled for completion in the fiscal year 2025.
Furthermore, the Letter of Intent includes provisions for potential extensions of the scope of work by Hardy Exploration & Production (India) Inc., which further strengthens AESL’s financial outlook for FY25. This accomplishment highlights AESL’s unwavering dedication to broadening its service offerings in the Oil & Gas sector, with the ultimate aim of establishing itself as the preferred service provider for industry stakeholders.
Kapil Garg, in his role as the Managing Director of Asian Energy Services Ltd, expressed a deep sense of enthusiasm and gratitude upon receiving the Letter of Intent from Hardy Exploration & Production (India) Inc. He highlighted their immense pleasure at this acknowledgment, seeing it as a testament to their impeccable reputation and strong, enduring relationships within the Oil & Gas industry.
Garg went on to emphasize the significance of this development, stating that it not only adds to their existing project portfolio but also lays a robust foundation for revenue growth, ensuring sustained profitability beyond the fiscal year 2025. He further conveyed his eagerness to actively contribute to the ongoing infrastructure modernization and development initiatives in the energy and mining sectors.
