Asian Energy Services has received the Letter of Acceptance from Central Mine Planning & Design Institute (CMPDI), Bihar for Rs 51.09 crore (inclusive of GST).
Asian Energy Services had bid for a tender for carrying out 3D Seismic Survey along with Exploration in the Rajgaon Block, Rajmahal Coalfield of Bhagalpur District in state of Bihar of Central Mine Planning & Design Institute (CMPDI) of Rs 51.09 crore (inclusive of GST). The company has received the Letter of Acceptance from CMPDI and confirmed acceptance of the same.
Ashutosh Kumar, Whole-time Director & CEO, Asian Energy Services said, the company is confident of further expanding business in this sector and build a significant order book.
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Shares of state-run oil marketing companies were off day s high after the Finance Minister proposed an Agricultural Infrastructure and Development Cess on petrol and diesel.
Indian Oil Corporation rose 1.66% to Rs 94.85. The stock hit high of Rs 96.50 in intraday trade.
Bharat Petroleum Corporation rose 0.7% to Rs 386.55 after hitting high of Rs 398 in intraday trade.
Hindustan Petroleum Corporation fell 0.55% to Rs 217.50 after hitting high of Rs 222.35 in intraday trade.
Finance Minister Nirmala Sitharaman s Union Budget 2021 proposed an Agricultural Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 on diesel.
However, Finance Minister said that consequent to imposition of AIDC on petrol and diesel, the Basic excise duty (BED) and Special Additional Excise Duty (SAED) rates have been reduced on them so that overall consumer does not bear any additional burden.