Asian Energy Services Ltd, an integrated service provider to the energy and mining sectors, has bagged a contract worth approximately ₹459 crore from Mahanadi Coalfields Ltd on Tuesday, November 4, for setting up a Coal Handling Plant in Odisha.
According to the company, the contract involves Pre-Engineered Turnkey Execution, which includes design, supply, erection, commissioning, trial run, testing, and operations & maintenance during the Defect Liability Period (DLP).
The project will be executed over a span of seven years.
Commenting on this development, Kapil Garg, Managing Director of Asian Energy Services Ltd, said, “We are delighted to announce the prestigious ₹459 crore contract awarded to us by Mahanadi Coalfields Ltd, a testament to the enduring confidence our clients place in Asian Energy Services’ unmatched expertise and execution excellence.”
“This landmark win further fortifies our leadership in the Coal Handling Plant segment and propels our total order book beyond ₹2,000 crore (excluding Kuiper), underscoring a robust revenue pipeline and a bright growth trajectory for the years ahead. With this milestone, we reaffirm our commitment to pursuing high-value, turnkey projects that drive sustainable growth and reinforce our position as a trusted industry frontrunner.”, he further added.
Shares of Asian Energy Services Ltd ended higher on Tuesday, November 4, by 3.34% at ₹343.65 on the NSE.
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