Asian Energy Bags ₹187.6 Cr Gujarat Power EPC Contract
Asian Energy Services Limited has secured a significant EPC contract worth ₹187.62 Crores (including GST) from Gujarat State Electricity Corporation Limited (GSECL). This contract is for the enhancement of a coal handling plant at the Ukai Thermal Power Station in Gujarat. This project marks a strategic diversification for the company, being its first major order outside of Coal India and its subsidiaries. The scope of work involves end-to-end engineering, procurement, construction, and commissioning, with an expected execution timeline of 2-3 years. The company anticipates this will add to its revenue visibility for the next two years and reinforces its leadership in the coal handling infrastructure sector.
Key Highlights
- Secured ₹187.62 Cr EPC contract from GSECL for coal handling plant enhancement.
- Marks first major order outside Coal India, diversifying client base.
- Project involves capacity enhancement at Ukai Thermal Power Station.
- Execution on lump-sum EPC basis over 2-3 years.
- Strengthens order book and revenue visibility for the next two years.
Price Impact
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