"Asian Energy Clinches ₹21.9 Crore Contract from Eastern Coalfields for Rajmahal Project; Stocks Surge Over 2%"

Asian Energy Services Ltd (AESL) has successfully clinched a significant contract from Eastern Coalfields Limited (ECL), a subsidiary of Coal India Limited. The contract involves the construction of plough feeders and associated civil works at the existing coal handling plant in Rajmahal, located in Jharkhand’s Godda district. Valued at Rs. 21.9 crore, the project is slated to be completed within 8 to 9 months.

Beyond the immediate impact on the company’s financial outlook, this contract is poised to contribute significantly to the nation's overall growth trajectory in the energy sector. AESL sees this endeavor as a crucial step in reinforcing its commitment to delivering high-quality services in the energy infrastructure domain.

Kapil Garg, the Managing Director of Asian Energy Services Ltd, expressed gratitude for being selected by Eastern Coalfields Limited for this important project. Garg stated, “This undertaking strengthens our commitment to delivering high-quality services in the energy infrastructure domain. We look forward to executing the project efficiently and contributing to the development of the region’s coal handling capabilities."

With this newly secured project, AESL is actively engaged in executing four contracts in the infrastructure space and is poised to take on additional projects in the upcoming months. Garg highlighted the increasing momentum in the upgradation and modernization of energy and mineral logistics infrastructure in India, expressing the company's readiness to play a substantial role in these developments.

HBL