Stock Report

Asian Energy Services Ltd secures ~Rs 459 Crore Coal Handling Plant Contract from Mahanadi Coalfields in Odisha

Posted On : 2025-11-05 09:53:57( TIMEZONE : IST )

Asian Energy Services Limited, a leading integrated service provider to the energy and mining sectors, along with its JV partner, has been awarded a prestigious contract from Mahanadi Coalfields Limited for setting up a Coal Handling Plant in Odisha. The contract encompasses PreEngineered Turnkey Execution, including Design, Supply, Erection, Commissioning, Trial Run, Testing, and O&M during the Defect Liability Period (DLP).

Valued at approximately Rs 459 crores (inclusive of GST and BOCW Cess), this marks the largest-ever Coal Handling Plant (CHP) order secured by the company to date, a milestone that further reinforces Asian Energy Services' growing leadership in the sector. The project will be executed over a span of seven years.

Commenting on this, Mr. Kapil Garg, Managing Director, Asian Energy Services Limited said, "We are delighted to announce the prestigious Rs 459 crore contract awarded to us by Mahanadi Coalfields Limited, 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 Rs 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."

Shares of Asian Energy Services Ltd was last trading in BSE at Rs. 343.55 as compared to the previous close of Rs. 332.50. The total number of shares traded during the day was 65068 in over 2124 trades.

The stock hit an intraday high of Rs. 359.25 and intraday low of 332.00. The net turnover during the day was Rs. 22792329.00.