Aakash Exploration Services Limited was originally incorporated as a Private Limited Company with the name 'Aakash Exploration Services Private Limited' on January 17, 2007. The Company was converted into a Joint Stock Company from the Partnership Firm M/s. Aakash Roadlines. M/s. Aakash Roadlines was formed on 30 May, 2006 with the aim of carrying on the business of transportation hire, technical services and common carries. The Company was subsequently converted in to a Public Limited Company and the name was changed to 'Aakash Exploration Services Limited' on November 8, 2017.
The Company is providing services for Oil and Gas Exploration with a fundamental vision of being a leader in providing services to Oil and Gas Field while achieving international standard of excellence. AESL is an ISO 9001 14001 and OHSAS 18001 certified company. It provides Mobile Work Over Rigs, Hot Oil Circulation Unit, Air Compressor, Mobile Steaming Unit (Boiler), Mobile Pumping Unit, Crane, Manpower Services, SRP Unit supply and Maintenance and other similar Services.
The Company is also the member of International Association of Drilling Contractors. It is providing Oil and Gas field Services to M/s. Oil & Natural Gas Corporation Ltd (A Govt. of India Company), Ahmedabad, Mehsana and Hazira Projects and providing similar services to private oil field operators namely GSPCL, Cairn, Essar, Great Eastern Energy, IOC, Niko, OIL, Price Petroleum etc to their extreme satisfaction. Aakash Explor ...ation Services Limited is a national group of Oil and Gas Field Services and operating in more than 7 states of India.
Apart from this, the Company has different equipments which are used such as Air Compressor, Coil Tubing Unit, Work Over Rig, SRP Unit, etc. Once the oil is produced it is transferred to refineries and further processed.
In April 2018, the Company came up with a Public Issue of 18,00,000 Equity Shares by raising capital from public aggregating to Rs 10.08 Crores.
The Company has completed the production of oilfield services and drilling processes in 2019.
FAQs on Aakash Exploration Services Ltd
1. Can I buy Aakash Exploration Services Ltd from PL Capital? ›
Yes, you can invest in Aakash Exploration Services Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Aakash Exploration Services Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Aakash Exploration Services Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Aakash Exploration Services Ltd pay dividends? ›
Aakash Exploration Services Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Aakash Exploration Services Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Aakash Exploration Services Ltd. is ₹ 7.8 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Aakash Exploration Services Ltd ? ›
The 52-week high and low of Aakash Exploration Services Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
