Asian Energy is having a pretty volatile run; yesterday it had hit a new 52-week low at Rs.71.20 but today, it opened around Rs.71.50 and rose to an intraday high at Rs.85.20, just a tad away from its 20% UC of the day at Rs.85.85. Volumes are up 18.5 times.

The company announced today morning that along with its JV partner Furnace Fabrica, it has secured an order worth Rs.161 crore.

This is from Singareni Collieries Company, for the design, supply, erection, commissioning, construction and testing of a coal handling plant at Telangana.

The third of its kind, the company has achieved a key milestone with this project to emerge as a dependable and cost-efficient service partner to the Indian coal sector.