Intimation-Confirmation for Lowest Bid at Stage L1
Price
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Awaiting price reaction for this filing.
Desco Infratech has been declared the L1 (lowest) bidder for Last Mile Connectivity and associated works, including DMA works, for City Gas Distribution (CGD) projects in four geographical areas awarded by Bharat Petroleum Corporation Limited (BPCL) in Odisha. The aggregate minimum value of the tenders is about Rs. 7 crore, inclusive of GST. The company highlights this as a strategic entry into the Eastern region of India, expanding its geographical footprint. Further details will be disclosed once the formal Letter of Intent or Purchase Order is received.
Positive for the company — adds a new PSU-backed order and marks entry into a new region, though the Rs. 7 crore minimum value is modest and the order is not yet formally awarded, so near-term stock impact may be limited.