Asian Energy Share Price in Focus; Bags ₹187.6 Crore GSECL EPC Contract

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.  

First Major Order Beyond Coal India Network 

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.  

Project Involves Coal Handling Plant Expansion 

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.  

Execution Scheduled Over 2–3 Years 

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.  

Strengthens Mineral Infrastructure Order Book 

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.  

Read More: Urban Company Share Price Jumps 7%; Stock Rebounds 45% From March Low! 

Asian Energy Share Price Performance 

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. 

Conclusion 

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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