Comments
Asian Energy Services Ltd clinched a contract from Eastern Coalfields Limited (ECL), a subsidiary of Coal India Limited. The contract entails the construction of plough feeders and associated civil works at the existing coal handling plant in Rajmahal, Jharkhand’s Godda district. The project is valued at Rs 21.9 crore, projected to be completed in 8 to 9 months.
The company informed, beyond its impact on the company’s financial outlook, the contract contributes to the nation’s overall growth trajectory in the energy sector.
Kapil Garg, MD of Asian Energy Services Ltd, said, “We are honoured to be selected by Eastern Coalfields Limited for this project. 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 project, AESL is now executing 4 contracts in the infrastructure space and looking to add more such projects in the coming months. The upgradation and modernization of the energy and mineral logistics infrastructure are gaining momentum in India, and we are ready to take a substantial part in it.”
The shares were up by 2.37 per cent to Rs 276.95 at close on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.