Asian Energy Services Ltd. announced its recent success in winning yet another important contract (alongside its partner) from Hardy Exploration & Production (India) Inc. The contract involves laying of flexible flow lines, dynamic risers, control umbilical and associated accessories in PY3 Field in the Southern Coast of India. The esteemed project base scope is valued at approximately INR 48 CR including taxes and it will be executed in FY25. In addition to the base scope, the Letter of Intent also has a provision for extension of work scope by Hardy Exploration & Production (India) Inc. The execution of work under this award will contribute to the company's financial performance in FY25.

With this Letter of Intent, AESL has further expanded its services offering in Oil & Gas sector and aims to become the first-choice service provider for Oil & Gas companies.