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Oil Equipment & Services
Deals18 Jun 2024, 07:02 pm

Asian Energy Services Secures Rs. 148 Crores Coal Evacuation System Contract from SCCL

AI Summary

Asian Energy Services Limited (AESL) along with its JV partner Indwell has been awarded an order for Design, Supply, Erection & Commissioning and Trial Run etc for Coal Evacuation System by Belt Conveyors at PKOCP, Manuguru Area of The Singareni Collieries Company Limited (SCCL). The total contract value is Rs 148,50,00,000 plus 18% IGST and the order will be executed over a span of 18 months. This is the second order secured with SCCL, highlighting the confidence major players place in AESL and its capability to consistently win repeat business from clients. The contract underscores the strategic shift from solely focusing on seismic services to embracing a more diversified approach in the mineral sector, particularly in coal.

Key Highlights

  • AESL and Indwell awarded order for Coal Evacuation System by Belt Conveyors at PKOCP, Manuguru Area of SCCL.
  • Total contract value is Rs 148,50,00,000 plus 18% IGST.
  • Order to be executed over a span of 18 months.
  • Second order secured with SCCL, highlighting confidence in AESL.
  • Strategic shift from solely focusing on seismic services to a more diversified approach in the mineral sector.
ASIANENE
Oil Equipment & Services
Asian Energy Services Ltd

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