Asian Energy Wins Rs 8.65 Billion Vedanta Contract

29 Jul 2025 CW Team

Asian Energy Services Limited (AESL), a leading integrated services provider for the energy and mining sectors, has secured an Integrated Service Contract from Vedanta Limited, valued at Rs 8.65 billion (inclusive of GST). The contract, spanning 57 months, underscores AESL’s growing presence in India’s upstream oil and gas services sector.

The scope of the agreement includes comprehensive field development planning, skilled manpower deployment, 24/7 operational support, and predictive maintenance across upstream facilities. AESL will also ensure regulatory compliance, maintain production uptime targets, and enhance efficiency through innovation.

With the Indian government pushing to reduce crude oil imports by 10 per cent and boost domestic output, players like Vedanta are partnering with service specialists to improve brownfield performance and integrated field management. The contract is expected to generate both direct and indirect employment, particularly in Rajasthan, with additional project-linked impact across other states.

Dr Kapil Garg, Managing Director of AESL, noted, “We are honoured by this repeat engagement from Vedanta. It reaffirms the trust built through consistent delivery and our focus on operational excellence in the energy sector.”

The deal adds to AESL’s order book and strengthens its revenue pipeline over the next five years. It reinforces the company’s strategy of expanding annuity-based, long-term contracts in operations-intensive segments.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..