Stock in Focus: Asian Energy Services Ltd, which provides services to the energy and mining sector, has got a big contract. This contract has been given by Mahanadi Coalfields Ltd, which is worth ₹459 crore. The company will build a new Coal Handling Plant in Odisha.
The project will be completed in seven years
Asian Energy said that this project will be on ‘Pre-Engineered Turnkey Execution’ model. That is, it includes all the work like design, supply, installation, commissioning, trial run, testing and operation and maintenance during Defect Liability Period (DLP). It will take about seven years to complete the entire project.
Statement from Asian Energy
Kapil Garg, Managing Director, Asian Energy Services Ltd, said, ‘We are delighted that Mahanadi Coalfields Ltd has awarded us this prestigious contract worth ₹459 crore. This is a testament to the trust of our clients and our execution quality.
He said, ‘This project further strengthens our leadership in the coal handling plant segment. With this our total order book has crossed ₹2,000 crore (except Kuiper). This reflects our strong revenue pipeline and growth in the years to come.
Asian Energy shares
Shares of Asian Energy Services Ltd closed 3.34% higher at ₹343.65 on the NSE on Tuesday. The stock has risen 14.91% in the last 6 months. However, it has given a negative return of 5.55% in 1 year. This year i.e. in 2025 also the stock has come down by 9.53%. The market cap of the company is Rs 1.54 thousand crore.
Asian Energy’s business
Asian Energy Services Ltd works in projects related to energy and mining. Its business focuses on providing services related to oil, gas, coal and renewable energy. The company provides services like seismic survey, oil and gas exploration, establishment of coal handling plants, maintenance and mining operations.
Its customers are both government and private sector companies. Its objective is to provide end-to-end technical solutions in the energy sector.
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