Shares of Alphageo (India) Ltd surged 6% on 26 September after the company announced securing an order worth Rs 34.98 crore from Oil India Ltd. 

Oil India Limited has awarded Alphageo Offshore Services Private Limited, a subsidiary of Alphageo (India) Ltd, a domestic order for the acquisition of 2D and 3D seismic data in Gujarat for Rs. 34.98 crore (plus relevant taxes). The project is expected to be completed by May 2026.

With its main office in Hyderabad, Alphageo (India) Limited offers geophysical seismic services for mineral and hydrocarbon exploration in India. The company was founded in 1987 and provides cutting-edge surveying, analysis, and quality-control services to support exploration.

In addition to consulting, reservoir analysis, topographic and aerial surveys, geophysical mapping, digitising geological data, and acquiring, processing, reprocessing, interpreting, and evaluating exploration blocks, it also offers 2D, 3D, 4D, and 3C seismic data.

At 3:03 pm, the shares of Alphageo were trading 1.52% higher at Rs 255.70 on NSE.

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