Asian Energy wins GSECL contract worth ₹187.6 crore, its first beyond Coal India

Mumbai: Leading industrial engineering and energy services major Asian Energy Services Limited (AESL) has bagged its first Engineering, Procurement, Construction (EPC) contract outside the Coal India group, worth ₹187.6 crore. Awarded by the state-owned Gujarat State Electricity Corporation Limited (GSECL), the contract involves modernizing the Coal Handling Plant (CHP) for Units 3 to 5 of the Ukai Thermal Power Station in Tapi district, Gujarat.

The project timeline is about 2-3 years, involving end-to-end engineering, procurement, construction, and commissioning of the plant, which will be done on a lump sum EPC basis. 

Before this, Asian Energy, under its mineral infrastructure vertical, had developed various coal handling systems across Coal India subsidiaries. This involved design, engineering, supply, construction, erection, and commissioning, with operations and maintenance as well in some cases. This order will help Asian Energy strengthen its order book and reinforce its leadership in the coal handling infrastructure space. 

“Asian Energy is delighted to have won this project, which will involve upgrading the coal handling plant capacity of Ukai Thermal Power Station. The project expands our order book in the mineral infrastructure vertical and adds to our revenue visibility for the next 2 years. All our projects thus far have been for Coal India and its subsidiaries & associates, and working on this project reflects our successful efforts towards acquiring new customers for our service offerings.” Dr. Kapil Garg, Managing Director, Asian Energy Services Limited, said in a press release.