Intimation to BSE for PO Order of KP Group Totaling of Rs. 40.43 Cr
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Desco Infratech has received two domestic purchase orders totaling Rs. 40.43 Cr (inclusive of GST) from the KP Group. The larger order, worth Rs. 39.34 Cr, is from Sun Drops Energia Limited for solar infrastructure EPC works, while a smaller order of Rs. 1.09 Cr is from KP Energy Limited for cable laying with digging work in Gujarat. Both orders are domestic and not related-party transactions. The company describes this as a strategic expansion from its established City Gas Distribution (CGD) execution base into power and renewable energy infrastructure, leveraging its existing multi-location project delivery capabilities.
This is a meaningful new business win that signals Desco's diversification into the faster-growing solar and power infrastructure segments beyond its traditional CGD business. For shareholders, the Rs. 40.43 Cr order book addition improves revenue visibility, though execution timelines and margins on the solar EPC work will determine the actual earnings impact.