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Desco Infratech Limited has emerged as the L1 (Lowest Bidder) for a Gujarat Gas Limited tender covering PE pipeline laying and PNG (Piped Natural Gas) commercial and industrial connections across Surat and Hazira gas areas. The work includes pipeline installation, connection development, commissioning, testing, and related infrastructure execution. The exact contract value has not been disclosed and will be shared separately upon receipt of the Letter of Intent, Letter of Award, or Purchase Order. This intimation is made under SEBI Regulation 30.
The company winning as the lowest bidder signals positive order flow, which is encouraging. However, without the financial value of the contract, the actual impact on the company's revenue and shareholder value remains uncertain until the LOI/LOA is received.