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Alphageo (India) Ltd.

BSE: 526397 Sector: Oil & Gas
NSE: ALPHAGEO ISIN Code: INE137C01018
BSE LIVE 10:16 | 15 Dec 921.55 5.85
(0.64%)
OPEN

920.00

HIGH

931.60

LOW

920.00

NSE 10:07 | 15 Dec 922.95 7.85
(0.86%)
OPEN

920.10

HIGH

937.95

LOW

920.10

OPEN 920.00
PREVIOUS CLOSE 915.70
VOLUME 504
52-Week high 1101.00
52-Week low 750.00
P/E 10.43
Mkt Cap.(Rs cr) 586
Buy Price 920.35
Buy Qty 12.00
Sell Price 922.95
Sell Qty 5.00
OPEN 920.00
CLOSE 915.70
VOLUME 504
52-Week high 1101.00
52-Week low 750.00
P/E 10.43
Mkt Cap.(Rs cr) 586
Buy Price 920.35
Buy Qty 12.00
Sell Price 922.95
Sell Qty 5.00

Alphageo (India) Ltd. (ALPHAGEO) - Company History

Alphageo (India) was incorporated in 1987 as a private limited company. It was converted into a public limited company in 1989. It has been promoted by A Dinesh and is the first private sector company to enter into the field of seismic data acquisition. The company has obtained technical know-how from Alphageo, US. The company engages in undertaking seismic surveys for oil exploration companies and for seismic data acquisition. It entered into a contract with the Oil and Natural Gas Commission (ONGC) in Feb.'89 for the acquisition of seismic data in the Kashipur belt at the Himalayan foothills. The company also undertook similar contracts for Hindustan Oil Exploration and Oil India. It has acquired equipment to take 2-D and 3-D seismic data, of which the latter is a versatile technique and a precise geo-physical tool, to understand the earth's crust in geologically complex areas. It went public in Jan.'94 to acquire equipment for conducting 3-D seismic surveys. The company has a tie-up with Alphageo, US, in the field of human resource development (HRD) for conducting advanced geo-seismic surveys in difficult terrains. The US company also participated in the company's equity to the tune of Rs 24 lac. Alphageo (India) has also commenced data processing activities and oil drilling and exploration. The contract with ONGC for conducting Reservoir Data Acquisition in Ahmedabad has been completed during the year April'2000 and the first phase of the reservoir operations at Mehsana are scheduled to be completed in the coming year. The company commenced operations on two Seismic Survey contracts. The first is for Seismic data acquisition,processing and interpretation in the Northeastern part of the country for a private sector oil company.The contract is valued at Rs.410 lakhs out of which the contract worth Rs.115 lakhs were executed.For Oil India Limited the contract is seismic data interpretation services.