Intimation regarding emergence as L1 Bidder for ONGC Pipeline Replacement Project
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Desco Infratech Limited has emerged as the L1 (Lowest Bidder) for a pipeline replacement project from ONGC. The project involves replacement of 24-inch crude oil transfer pipelines connecting ONGC Trombay Terminal to BPCL and HPCL refineries at Uran Plant. The company was ranked first among various industry participants. This is a significant infrastructure project in India's oil and gas sector awarded by ONGC, a Maharatna Public Sector Enterprise. The filing notes that further disclosure including financial details will be made upon receipt of the Letter of Intent (LOI) or Letter of Award (LOA).
The order strengthens Desco Infratech's position in the oil and gas infrastructure segment, though the financial value of the project is not yet disclosed. Shareholders should await the formal LOI/LOA for order value details.