Asian Energy Services Limited has secured a Rs 187.62 crore EPC contract from Gujarat State Electricity Corporation Limited (GSECL) for enhancement of a coal handling plant in Ukai Gujarat, according to a BSE filing.
The project marks a strategic milestone for the company as its first major order outside Coal India and its subsidiaries and associates. It signals a diversification of its client base and a strong entry into state utility-led infrastructure projects.
The project involves capacity enhancement of the Coal Handling Plant (Stage-II) at the Ukai Thermal Power Station in Gujarat.
The project is being executed on a lump-sum EPC basis, and the scope covers end-to-end engineering, procurement, construction, and commissioning, which will take place over 2-3 years. This project will add to the company’s revenue visibility for the next 2 years.
Earlier, the company had primarily worked with Coal India and its subsidiaries, but this order marks a significant expansion of its client base. Asian Energy is engaged in the development of several coal handling systems, with multiple projects across Coal India subsidiaries.
The addition of the GSECL project strengthens the company’s order book and reinforces its leadership in the coal handling infrastructure space.
The contract was awarded through a competitive bidding process, and Asian Energy emerged as the successful bidder. As part of the agreement, the company will be responsible for the entire project execution, including design, engineering, supply, construction, erection, and commissioning. The project is expected to be completed within the next 2-3 years.
This order reinforces Asian Energy’s position as a leading player in the energy infrastructure sector. The company’s ability to secure large contracts and expand its client base is a testament to its capabilities and expertise in the sector.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
