Intimation of Confirmation for Lowest Bid at L1 stage and Receipts of new orders
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.4 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Desco Infratech has been declared the lowest bidder (L1) by Maharashtra Natural Gas Ltd, though formal award is still pending. Separately, the company has received confirmed orders worth Rs. 2,06,03,584.70 (~Rs. 2.06 crore, inclusive of GST) from two clients: Torrent Gas Chennai Pvt Ltd for DPNG (domestic piped natural gas) work in high-rise buildings in Chennai, and HCG (KCE) Pvt Ltd for laying and installing PNG connections in high-rise buildings in Hisar, Haryana. All orders are domestic, with no related-party interest from promoters. Further details on the MGL order will be disclosed once the Letter of Intent or Award is received.
The Rs. 2.06 crore in confirmed orders adds to the company's order book and supports revenue visibility, though the value is modest. The L1 status at MGL is a positive signal but not yet a confirmed contract — investors should watch for the follow-up LOI/LOA disclosure.