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Asian Energy Services has secured a Rs 187.62 crore EPC contract (including GST) from Gujarat State Electricity Corporation (GSECL) for enhancement of a coal handling plant in Ukai Gujarat. The project marks a strategic milestone for the company as its first major order outside Coal India and its subsidiaries and associates. It signals a diversification of its client base and a strong entry into state utility-led infrastructure projects. The project involves capacity enhancement of the Coal Handling Plant (Stage-II) at the Ukai Thermal Power Station in Gujarat. The project is being executed on a lump sum EPC basis, and the scope covers end-to-end engineering, procurement, construction, and commissioning, which will take place over 2-3 years.

Asian Energy Services announced that the Board of Directors of the Company at its meeting held on 19 May 2026, inter alia, have recommended the final dividend of Rs 1.25 per equity Share (i.e. 12.5%) , subject to the approval of the shareholders.

Net profit of Asian Energy Services rose 41.92% to Rs 31.96 crore in the quarter ended March 2026 as against Rs 22.52 crore during the previous quarter ended March 2025. Sales rose 56.99% to Rs 338.23 crore in the quarter ended March 2026 as against Rs 215.44 crore during the previous quarter ended March 2025.For the full year,net profit rose 21.46% to Rs 51.16 crore in the year ended March 2026 as against Rs 42.12 crore during the previous year ended March 2025. Sales rose 70.10% to Rs 791.05 crore in the year ended March 2026 as against Rs 465.04 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales338.23215.44 57 791.05465.04 70 OPM %14.1214.61 -12.0514.22 - PBDT47.6533.84 41 97.1073.88 31 PBT42.5229.14 46 78.2456.18 39 NP31.9622.52 42 51.1642.12 21 Powered by Capital Market - Live News

Asian Energy Services will hold a meeting of the Board of Directors of the Company on 19 May 2026.

Asian Energy Services announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 12 June 2026.