Intimation regarding Receipt of orders worth totaling Rs. 9.38 Cr
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Awaiting price reaction for this filing.
Desco Infratech has received a purchase order valued at Rs. 9.38 crore (inclusive of GST) from Gujarat Gas Limited (GGL), a domestic entity. The order covers PNG installations in the Surat geographical area and operations & maintenance activities in the Valsad geographical area. This new order strengthens the company's presence in the city gas distribution segment. With this addition, Desco Infratech's total order book now exceeds Rs. 370 crores, signalling strong business visibility. The order is from an unrelated party with no promoter group interest.
This new order adds to the company's robust order pipeline and reinforces its growth trajectory in the city gas distribution space, which is positive for revenue visibility. However, the Rs. 9.38 Cr size is modest relative to the Rs. 370 Cr+ order book and may have limited immediate impact on the stock price.