Intimation to BSE for new orders of totaling Rs. 8.45 cr
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Desco Infratech Ltd has secured new orders worth Rs. 8.45 crores (including GST) from Torrent Gas Jaipur Private Limited. The work involves laying MDPE pipelines, providing PNG connections, and associated work for a City Gas Distribution project in Jaipur. The order has been placed by a domestic entity and is to be executed as per the contract terms. The promoter group has no interest in the awarding entity.
This is a positive development as it strengthens the company's order book in the city gas distribution segment. While the order size is modest in absolute terms, repeat business from a reputed client like Torrent Gas supports revenue visibility and execution credibility.