BSEDesco Infratech LtdMediumPositive
Announced Tue, 26 May · 10:57 IST

Intimation regarding receipt of Purchase Order amounting to Rs. 31.46 million

Business Updates View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-3.5%1-day move
₹237.25
prior close
₹238.10
base price
In-mkt
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AI summary

Desco Infratech Limited has received a Purchase Order worth Rs. 31,463,387 (approximately Rs. 31.46 million) inclusive of GST from Green Gene Enviro Protection and Infrastructure Limited and KP Energy Limited. The order covers site remediation and cleaning services as well as supply, installation and cable laying work including HDPE pipe supply, underground cable laying and related infrastructure. The order is awarded by domestic entities and is not a related party transaction. No promoter or group company interest exists in the awarding entities.

Likely market impact

The order represents a new contract win for the company. Without revenue figures available, the relative significance of this order to Desco's overall business cannot be fully assessed.