Asian Energy 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

₹376.30

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 has secured a Rs 187.62 crore EPC contract from Gujarat State Electricity Corporation (GSECL) for capacity enhancement of the Coal Handling Plant (Stage-II) at Ukai Thermal Power Station in Gujarat. This is the company's first major order outside Coal India and its subsidiaries, marking client diversification. The lump-sum project covers end-to-end engineering, procurement, construction and commissioning over 2-3 years, adding to revenue visibility.

Likely market impact

Positive: First major order beyond Coal India signals successful client diversification and strengthens order book with 2-3 years of revenue visibility.