Intimation-Confirmation for Lowest Bid at L1 Stage
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Awaiting price reaction for this filing.
Desco Infratech has been confirmed as the successful bidder (lowest bid at L1 stage) for Last Mile Connectivity (LMC) and associated works, along with DMA and associated works, for a City Gas Distribution (CGD) project covering the Amethi-Pratapgarh-Raebareli geographical area in Uttar Pradesh. The order was awarded through Bharat Petroleum Corporation Limited (BPCL), a major public sector oil & gas company. The company has not yet disclosed the order value or detailed terms. Further disclosures regarding the Letter of Intent, Letter of Award, or Purchase Order will be made once formally received from BPCL.
This is a positive new order win from a reputed PSU client, which could strengthen the company's order book and revenue visibility, but the actual financial impact cannot be assessed until the order value is disclosed via the LOI/LOA/Purchase Order.