Announced Wed, 9 Sept · 10:21 IST
Desco Infratech receives order worth Rs 30.29 million from IOCL
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
+4.0%1-day move
₹155.00
prior close
₹157.25
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.0-0.0-0.0+4.0+9.2+11.3+16.1+20.1+20.6————
Up moveDown movePending
AI summary
Desco Infratech has received a Letter of Acceptance from Indian Oil Corporation Limited for Last Mile Connectivity, GI Installation and Direct Marketing Agency works in Vizag, Andhra Pradesh. The order is valued at about Rs 30.29 million inclusive of GST. The company had earlier emerged as L1 bidder in August 2026, and the LOA now formally confirms the award. The contract is domestic and not a related party transaction.
Likely market impact
Formally confirms IOCL order win, adding about Rs 30.29 million to the order book. Modest in size but a positive execution signal for the company.