Intimation of New Orders of totaling Rs. 1.30 Cr
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Desco Infratech Ltd has secured a new domestic order worth Rs. 1,30,97,792.56 (inclusive of GST) from Bharat Petroleum Corporation Limited (BPCL). The work involves rectification, retesting, and commissioning of the MDPE (Medium Density Polyethylene) network in Maharashtra. The order is not a related party transaction, and the promoters have no interest in BPCL. Execution timeline is as per the contract terms.
The order adds Rs. 1.30 Cr to the order book, but is a relatively small addition for a company in the infrastructure/contracting space. Coming from a strong PSU client like BPCL, it provides revenue visibility and validates the company's capability in MDPE pipeline work, though it is unlikely to move the stock meaningfully on its own.