Asian Energy Services Ltd. Lands Rs. 250 Crore LoA from Central Coalfields Ltd

Asian Energy Services Ltd (AESL), a prominent player in the energy infrastructure domain, has achieved a significant milestone by clinching a substantial Letter of Award (LoA), in collaboration with its joint venture partner, from Central Coalfields Ltd (CCL), a subsidiary of Coal India Ltd.

The scope of work outlined in the LoA entails comprehensive planning, design, engineering, construction, fabrication, erection, supply, installation, testing, trial run, and commissioning of a Coal Handling Plant, including SILO loading at KARO OCP. This encompasses all aspects of civil, structural, electrical, and mechanical works, alongside operation and maintenance of the plant for a duration of 5 years. The project, valued at INR 250 crore inclusive of taxes, holds significant importance in the energy infrastructure landscape.

This achievement signifies a remarkable advancement for AESL, not only broadening its service offerings but also strengthening its foothold in India's rapidly expanding energy infrastructure sector. The execution of the project is anticipated to substantially bolster the company's financial performance in FY25 and FY26, providing substantial long-term revenue visibility.

Expressing his enthusiasm, Mr. Kapil Garg, Managing Director of Asian Energy Services Ltd, remarked, "We are thrilled to have secured the LoA from CCL for this prestigious project. It underscores our credibility and standing within the energy industry, reaffirming our commitment to delivering top-notch projects and services. We are eager to commence and execute the project efficiently, thereby enhancing our service portfolio. AESL is well-equipped to contribute to the ongoing upgradation and modernization of India's energy infrastructure and is actively pursuing more project awards in the coming months. These endeavors will further bolster AESL's robust order book, currently standing at approximately Rs 1200 crore, providing revenue visibility for FY25 and beyond."

This successful bid aligns seamlessly with AESL's strategic vision to diversify its project portfolio and consolidate its position as a key player in the energy infrastructure arena. The company remains steadfast in its dedication to delivering excellence in every endeavor, thereby contributing to the nation's energy security and sustainable growth trajectory.

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