Asian Energy Services Secures Rs 187.62 Crore EPC Contract for Coal Handling Plant Enhancement in Gujarat
Asian Energy Services Limited (AESL) has secured a significant strategic milestone, winning a contract valued at Rs 187.62 Crores (including GST). The deal is with the Gujarat State Electricity Corporation Limited (GSECL) and involves the engineering, procurement, and construction of a coal handling plant in Ukai, Gujarat.The project focuses on capacity enhancement of the Coal Handling Plant (Stage-II) at the Ukai Thermal Power Station in Gujarat. AESL will execute the work based on a lumpsum EPC basis. The overall scope encompasses end-to-end engineering, procurement, construction, and commissioning, with completion anticipated over a period of 2 to 3 years.
This contract represents a crucial diversification point for Asian Energy Services Limited. It marks the company’s first major order outside of Coal India and its associated subsidiaries and affiliates, signaling a strong entry into state utility-led infrastructure projects and expanding AESL's client base.
AESL operates within the mineral infrastructure vertical, providing turnkey execution services across numerous coal handling systems. The company currently has active projects with several Coal India subsidiaries, including MCL, ECL, CCL, SECL, and Singareni Collieries Company Limited in Telangana. These projects typically involve design, engineering, supply, construction, erection, commissioning, and often extend into operations and maintenance.
The acquisition of the GSECL project strengthens AESL's order book and reinforces its position in the coal handling infrastructure domain.
AESL offers comprehensive end-to-end services spanning the entire upstream value chain. These services include Integrated Oil & Gas solutions such as 2D and 3D Seismic Geographical Data Acquisition, along with Operations and Maintenance of Onshore and Offshore Oil and Gas Production Facilities. AESL’s service offerings also comprise Mining services, including the supply and installation of Material Handling Plants and Rapid Loading Systems.
ASIANENE Stock Price Movement
Asian Energy Services Limited stock is edging higher to ₹378.05 as of 2:12 PM today, driven by a solid 2.94% gain. The share traded volume stood at 407,693 during the live market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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