Alphageo (India) Secures ₹34.98 Crore Oil India Contract; Stock Rises Over 2%
By Shishta Dutta | Published at: Sep 26, 2025 04:42 PM IST
Hyderabad, September 26, 2025 – Alphageo (India) Limited (NSE: ALPHAGEO, BSE: 526397) announced that its material subsidiary, Alphageo Offshore Services Private Limited (AOSPL), has received an award of contract from Oil India Limited, Rajasthan, for 2D and 3D seismic data acquisition in Gujarat. The project is valued at ₹34.98 crore plus applicable taxes and is scheduled for execution by May 2026.
Key Contract Details
| Particulars | Details |
|---|---|
| Contract Awarded By | Oil India Limited |
| Nature of Work | 2D & 3D Seismic Data Acquisition in Gujarat |
| Contract Value | ₹34.98 crore + taxes |
| Execution Timeline | By May 2026 |
| Domestic / International | Domestic |
| Related Party Transaction | No |
| Promoter Group Interest | No |
The company clarified that there is no promoter or group company interest in Oil India, and the contract does not fall under related party transactions.
Market Reaction
Shares of Alphageo (India) Ltd rose 2.24% in early trade on Friday, quoting at ₹257.52, compared to the previous close of ₹251.88. The stock touched a high of ₹264.80 and a low of ₹256.00 during intraday trade.
Stock Snapshot (as on 26-Sep-2025, 09:27 IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹257.52 (+2.24%) |
| Market Cap | ₹163.91 crore |
| Free Float Market Cap | ₹85.71 crore |
| 52-Week High | ₹522.80 (26-Dec-2024) |
| 52-Week Low | ₹217.00 (28-Mar-2025) |
| Daily Volatility | 2.91% |
| Annualised Volatility | 55.60% |
About Alphageo (India)
Incorporated in 1987 and listed since May 11, 2007, Alphageo (India) is a geophysical services company engaged in seismic data acquisition, processing, and interpretation for oil exploration. The company plays a key role in India’s upstream energy sector, offering specialized services to both domestic and international oil companies.
REF: https://nsearchives.nseindia.com/corporate/ALPHAGEO_25092025165635_Award_of_Contract-SE_Intimation-25-09-2025-_Oil_India_Limited.pdf
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