Intimation to BSE for Confirmation for Lowest Bid
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 1.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Desco Infratech has been declared the Lowest Bidder (L1) for laying, installing, testing, and commissioning an approximately 11.5 km, 4-inch diameter steel gas pipeline in Patan GA (Radhanpur) for Mandavrayji Petroleum and Gangotri Petroleum, awarded by Sabarmati Gas Limited. Separately, the company has also secured L1 status for O&M (operations and maintenance) services for MNGL's Pune GA, and L2 status for hiring support services for PNG O&M of PNG connections in PCMC areas for Maharashtra Natural Gas Limited's CGD network. No contract value has been disclosed yet; further details will be shared once the Letter of Intent (LOI), Letter of Award (LOA), or Purchase Order is received.
Positive for the stock in the near term as it signals new business wins in the city gas distribution (CGD) and pipeline infrastructure segment, potentially expanding the order book. However, the actual financial impact remains unclear until the order values are disclosed, so investors should wait for the LOI/LOA for a clearer picture.