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Asian Energy rises after bagging Rs 187.62 crore GSECL EPC contract

22-Jun-26 15:25Hrs IST

The contract involves capacity enhancement of the coal handling plant (Stage-II) at the Ukai Thermal Power Station in Gujarat. The project will be executed on a lump-sum EPC basis and covers engineering, procurement, construction and commissioning activities. The project is expected to be executed over a period of 2-3 years.

The company said the order marks its first major contract outside Coal India and its subsidiaries and associates, representing a strategic diversification of its client base into state utility-led infrastructure projects.

Asian Energy Services provides services across the energy and mining sectors, including oil & gas field operations, seismic data acquisition, and mineral infrastructure projects such as coal handling and material handling systems.

The company's consolidated net profit rose 41.92% to Rs 31.96 crore on a 56.99% increase in revenue from operations to Rs 338.23 crore in Q4 FY26 as compared with Q4 FY25.

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