Intimation of Confirmed New Orders Totaling RS. 40.77 Crores
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Desco Infratech has received confirmed orders worth Rs. 44.77 Crores (inclusive of GST) from Indian Oil Corporation, Bharat Petroleum Corporation, and Torrent Gas. The work involves Last Mile Connectivity (LMC) and Direct Marketing (DMA) services for City Gas Distribution (CGD) networks in Andhra Pradesh, Telangana, and Tamil Nadu. All orders are domestic in nature with no related-party involvement. The company highlights that these new orders equal 64% of its FY25 revenue (based on order value without GST), indicating a strong pickup in business momentum.
This is a materially positive development — bagging orders worth nearly two-thirds of annual revenue from marquee energy sector clients significantly boosts the order book and provides strong revenue visibility for upcoming quarters, likely to be viewed favorably by the market.