Alphageo shares surges by 19% amid securing Rs 118 crore orders from ONGC

Alphageo (India) Ltd has announced that it has secured contracts worth a total of Rs 118.63 crore from the Oil and Natural Gas Corporation (ONGC) Ltd. These contracts include 2D seismic data acquisition projects in two sectors: one in Sector 1, Chhattisgarh, valued at Rs 38.29 crore, and the other in Sector 3A, Krishna-Godavari, valued at Rs 80.34 crore.

The Chhattisgarh project is scheduled for completion by January 2026, while the Krishna-Godavari project is set to be finished by May 2026.

Following the announcement of these orders, Alphageo's shares surged by over 19%, reaching an intraday high of Rs 444.5 per share. The stock has increased by 24.9% over the past month and by 51.69% so far this year. On Monday, December 16, it was trading 17.8% higher at Rs 440 per share as of 1:40 PM.

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