Alphageo (India) has received contracts worth ₹45.88 crore (exclusive of taxes) from Geological Survey of India for conducting the airborne geophysical surveys over two identified blocks in and around Obvious Geological Potential Areas of India. These projects will be executed with technical support from an internationally renowned player. Shareholders will closely monitor the execution. For the quarter ended September 2018, the company had posted a loss of ₹5.45 crore on revenues of ₹7 crore.