Intimation to BSE for New Order totalling Rs. 3.96 Cr
Price
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Awaiting price reaction for this filing.
Desco Infratech has received a new order valued at Rs. 3,96,82,887.61 (approximately Rs. 3.96 crores) from Gail Gas Limited, a domestic government-owned gas company. The work involves laying underground MDPE (Medium-Density Polyethylene) pipelines and associated works for City Gas Distribution (CGD) projects in Bengaluru. The contract is to be executed within 12 months and is inclusive of GST. This is a domestic order with no related party involvement from promoters or group companies.
This is a moderate, positive development for Desco Infratech, adding a credible PSU-backed order to its order book. However, at Rs. 3.96 crores the size is relatively small, and the stock reaction is likely to be muted unless similar-sized orders continue to flow in from the CGD/pipeline segment.