Asian Energy Services Secures INR 200 Cr Contract for Compressor Stations for Natural Gas
Asian Energy Services has bagged an INR 200 crore contract from Assam Gas Company Ltd. for supplying compressor stations on a build, own, operate, and transfer (BOOT) basis for 3 years.
December 18, 2024. By Mrinmoy Dey
The total contract value is about INR 200 crore of which about INR 82 crore will be realised in the first year on a Free on Truck (FOT) site basis which is inclusive of freight, unloading and stacking but exclusive of GST.
The mobilisation of the first compressor is expected to be completed in Q4 FY25 and the rest will be completed in the following financial year.
Commenting on the development, Kapil Garg, Managing Director, Asian Energy Services Ltd. said, “We are delighted to announce that we have been awarded a significant contract by Assam Gas Company Ltd. to supply and operate a compressor station on a BOOT basis for a period of three years. This achievement underscores our unwavering commitment to the operations and maintenance segment and highlights our proven expertise in delivering end-to-end upstream energy solutions. With the government’s increasing emphasis on natural gas as a key component of the energy transition, we are well-positioned to leverage emerging opportunities in this evolving sector.”
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