AESL wins Rs 187.6 Cr Gujarat power EPC contract from GSECL

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Price reactionminutes from the announcement price · days from the prior close

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₹368.80

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+0.2% vs market

Oil peers, median of 16sector · industry level+0.8%+0.2% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.2 pts more than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Asian Energy Services Limited (AESL) has secured a Rs 187.62 Crore EPC contract from Gujarat State Electricity Corporation (GSECL) for enhancing the coal handling plant at Ukai Thermal Power Station in Gujarat. This is AESL's first major order outside Coal India, marking client diversification. The lump-sum EPC project covers design, engineering, procurement, construction and commissioning over 2-3 years. MD Dr. Kapil Garg said it adds to revenue visibility for the next 2 years and reflects successful efforts to win new customers beyond Coal India subsidiaries.

Likely market impact

Positive: first non-Coal India major order signals client diversification and adds 2 years of revenue visibility, likely to support order book sentiment.