Announced Fri, 19 Jun · 10:45 IST
Desco Infratech gets LOI worth Rs 15.06 Cr from Sabarmati Gas
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.4%1-day move
₹214.75
prior close
₹211.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.5+5.6+5.6+5.6+2.4-1.1+2.4+0.1+3.4+3.5-4.7-12.2——
Up moveDown movePending
AI summary
Desco Infratech has received a Letter of Intent from Sabarmati Gas Limited, a joint venture of GSPC and BPCL, for laying, installation, testing and commissioning of 4, 6 and 8 inch steel gas pipelines for FDODO CNG station connectivity. Order value is Rs 15.06 crore inclusive of GST. The company was earlier declared L1 bidder on 18 May 2026. Order is domestic with no promoter group interest in the awarding entity.
Likely market impact
Converts earlier L1 status into a formal LOI from a PSU-affiliated gas distribution company, adding revenue visibility. Modest positive for order book.