Asian Energy Services soars on winning EPC contract worth Rs 187.62 crore
Asian Energy Services is currently trading at Rs. 381.35, up by 13.20 points or 3.59% from its previous closing of Rs. 368.15 on the BSE.
The scrip opened at Rs. 372.85 and has touched a high and low of Rs. 385.25 and Rs. 367.00 respectively. So far 46141 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 392.40 on 09-Jun-2026 and a 52 week low of Rs. 230.35 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 385.25 and Rs. 346.45 respectively. The current market cap of the company is Rs. 1819.51 crore.
The promoters holding in the company stood at 60.75%, while Institutions and Non-Institutions held 2.15% and 37.09% respectively.
Asian Energy Services has secured a Rs 187.62 crore EPC contract (including GST) from Gujarat State Electricity Corporation (GSECL) for enhancement of a coal handling plant in Ukai Gujarat. The project marks a strategic milestone for the company as its first major order outside Coal India and its subsidiaries and associates. It signals a diversification of its client base and a strong entry into state utility-led infrastructure projects.
The project involves capacity enhancement of the Coal Handling Plant (Stage-II) at the Ukai Thermal Power Station in Gujarat. The project is being executed on a lumpsum EPC basis, and the scope covers end-to-end engineering, procurement, construction, and commissioning, which will take place over 2-3 years.
