Asian Energy Services Limited has secured an EPC contract worth ₹187.62 crore, including GST, from Gujarat State Electricity Corporation Limited (GSECL) for the enhancement of a coal handling plant at the Ukai Thermal Power Station in Gujarat. The order marks a significant milestone in the company's diversification strategy.
The contract represents Asian Energy's first major project outside Coal India, its subsidiaries, and associated entities.
The development broadens the company's client base and marks its entry into state utility-led infrastructure projects.
The scope of work includes capacity enhancement of the Stage-II Coal Handling Plant at the Ukai Thermal Power Station.
The project will be executed on a lump-sum EPC basis, covering engineering, procurement, construction, and commissioning activities.
According to the company, the project is expected to be executed over a period of two to three years.
The order is anticipated to strengthen revenue visibility and contribute to the company's mineral infrastructure business during the execution phase.
Asian Energy has established a presence in coal handling infrastructure through projects undertaken for various Coal India subsidiaries, including MCL, ECL, CCL, and SECL, as well as Singareni Collieries Company Limited.
The addition of the GSECL project further expands its order book and strengthens its position in the coal handling infrastructure segment.
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As of 22 June 2026, Asian Energy share price was closed at ₹372.50 per share, reflecting a surge of 1.43% from the previous trading session.
Asian Energy Services has secured a ₹187.62 crore EPC contract from Gujarat State Electricity Corporation for the expansion of a coal handling plant at the Ukai Thermal Power Station. The project marks the company's first major order outside the Coal India ecosystem and strengthens its presence in the mineral infrastructure segment.
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Published on: Jun 22, 2026, 6:01 PM IST
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