Asian Power secures ₹21.9 crore contract from Japanese Coalfields for Rajmahal challenge; inventory good points over 2%

Asian Power Providers Ltd clinched a contract from Japanese Coalfields Restricted (ECL), a subsidiary of Coal India Restricted. The contract entails the development of plough feeders and related civil works on the current coal dealing with plant in Rajmahal, Jharkhand’s Godda district. The challenge is valued at Rs 21.9 crore, projected to be accomplished in 8 to 9 months.

The corporate knowledgeable, past its impression on the corporate’s monetary outlook, the contract contributes to the nation’s general development trajectory within the power sector.

Kapil Garg, MD of Asian Power Providers Ltd, mentioned, “We’re honoured to be chosen by Japanese Coalfields Restricted for this challenge. This endeavor strengthens our dedication to delivering high-quality providers within the power infrastructure area. We sit up for executing the challenge effectively and contributing to the event of the area’s coal dealing with capabilities. 

With this challenge, AESL is now executing 4 contracts within the infrastructure area and searching so as to add extra such initiatives within the coming months. The upgradation and modernization of the power and mineral logistics infrastructure are gaining momentum in India, and we’re able to take a considerable half in it.”

The shares had been up by 2.37 per cent to Rs 276.95 at shut on the BSE.