Desco Infratech emerges L1 bidder for IOCL city gas project in Vizag
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Desco Infratech has emerged as the L1 (lowest) bidder for a tender floated by Indian Oil Corporation for Last Mile Connectivity, GI Installation, and Direct Marketing Agency works under the City Gas Distribution project in Vizag, Andhra Pradesh. The scope includes laying and commissioning polyethylene pipelines (20mm to 180mm diameter), PNG connections for domestic, industrial and commercial consumers, and installation of related gas equipment. The order value has not been disclosed. A further disclosure will follow once the company receives the Letter of Intent or Award.
Positive - new win from a government-owned oil major strengthens order book, though order size and formal award are still awaited.