Intimation to BSE for New Orders totaling Rs. 2.84 Cr and LOI Received from Adani Total Gas Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Desco Infratech Ltd has received confirmed new orders worth Rs. 2,83,88,143.03 (approx. Rs. 2.84 Crores, inclusive of GST) from Gail Gas Limited for hiring contracts related to new DPNG (Domestic Piped Natural Gas) connections along with LMC in Bengaluru, Karnataka. Separately, the company has also received a Letter of Intent (LOI) from Adani Total Gas Limited for MDPE and LMC associated works at Jalandhar, Punjab, with a basic order value capped at Rs. 1.20 Crores. The final order value and details from Adani Total Gas will be shared once the final Purchase Order is received. Both orders are from domestic entities, and the company has confirmed no promoter group interest in the awarding parties.
This is a modestly positive development showing continued order flow from major gas distribution companies, but the combined order value of roughly Rs. 4 Crores is relatively small. Investors should watch for the confirmed value of the Adani Total Gas order and timely execution, as these will determine the actual revenue impact.