Intimation- Confirmation for Lowest Bid at L1 Stage
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Awaiting price reaction for this filing.
Desco Infratech Ltd has been declared the successful lowest bidder (L1) for the Operation & Maintenance of Steel and MDPE Pipeline Network along with PNG (Piped Natural Gas) connections for domestic, industrial and commercial users in Indore and Pithampur, Madhya Pradesh. The contract has been awarded by Aavantika Gas Limited, a city gas distribution entity. The company has not yet received the Letter of Intent or Letter of Award, and the contract value has not been disclosed. Further details will be shared with the exchange once the LOI/LOA is received.
Positive development that could add to the company's revenue pipeline, but the actual financial impact remains unknown until the contract value and terms are disclosed post-LOA/LOA.