Intimation Regarding Receipt of Orders worth totaling Rs. 5.37 Cr
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Desco Infratech Ltd has received Purchase/Service Orders and Letters of Award totaling Rs. 5.37 Crore (inclusive of GST) from three City Gas Distribution (CGD) players. Adani Total Gas Limited awarded work for PE PNG (polyethylene piping) projects in Faridabad and Palwal. Bharat Petroleum Corporation Limited awarded Operations & Maintenance services for the PNG (piped natural gas) network in Hanumangarh, Rajasthan. Maharashtra Natural Gas Limited awarded a support services contract for PNG O&M in the PCMC (Pune) area covering Wakad and Talegaon. All orders are domestic, with no related party interest from the promoter group. Execution timelines and detailed terms are as per the respective contracts and not specified in this intimation.
This is a positive update for shareholders as it adds Rs. 5.37 Crore to the order book across three reputable CGD clients, providing revenue visibility. However, since the company is small and exact revenue scale isn't disclosed here, the stock impact will depend on how significant this order is relative to Desco's total business — investors should check the company's recent quarterly revenue to gauge materiality.