Intimation regarding Purchase order/FOA under Reg 30 of SEBI (LODR) Regulations, 2015 amounting to Rs. 56.22 million
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Desco Infratech Ltd has received two purchase orders worth Rs. 56.22 million (inclusive of GST) from KP Energy Limited and GAIL Gas Limited. The first order involves supply and installation works for cable laying, HDPE pipes, OFC works, termination kits and allied infrastructure. The second order is for hiring contracts related to laying underground MDPE pipeline and associated works for GAIL Gas Bengaluru CGD (City Gas Distribution) Projects. Both orders are domestic in nature and awarded by private sector entities. The company disclosed that no promoter or related party has any interest in the entities awarding these orders.
This is a positive development for Desco Infratech as it secures infrastructure contracts worth Rs. 56.22 million, which should contribute to the company's order book and revenue visibility in the near term. The association with GAIL Gas for CGD projects indicates the company operates in the gas distribution infrastructure space.