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Asian Energy Services receives LoA for Gevra CHP worth Rs 236 cr

Tuesday, 19 Oct 2021
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Asian Energy Services (AESL) has been awarded contract worth Rs 236 crore (inclusive of GST) for Coal Handling Infrastructure by the Heavy Engineering Corporation at Gevra, Chhattisgarh.
The company has also been selected as an approved awardee for Coal Handling Infra project at Hura OCP by Eastern Coalfields (ECL) worth Rs 128 crore (inclusive of GST) company is awaiting LoA from ECL pending completion of necessary land acquisition by ECL which is expected soon.  
In order to reduce road transport of coal and making Indian mining infrastructure efficient and modern, coal handling plants with rapid loading systems are being set up in mines.

At least 35 projects are planned to be commissioned in coming years with estimated capital outlay of around Rs 17,000 crore in FY22 by Coal India. AESL also plans to bid for such upcoming projects in this space to leverage its experience and increase its foothold in this line of business.
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