Penny stock: Shares of Aakash Exploration Services surged nearly 20% on Wednesday’s session after the company was issued a Letter of Award (LOI) from Oil and Natural Gas Corporation Limited (ONGC). The total value of the order is approximately ₹19.36 crores.
The timeframe for executing the orders is set at three years. The company has secured the Letter of Award for the charter hiring of one 50 MT workover rig for use at the Ahmedabad Asset.
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