Intimation to BSE under Regulation 30
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Awaiting price reaction for this filing.
Desco Infratech has informed BSE that it has been declared the successful L1 bidder for tenders from four clients: Bharat Petroleum Corporation Limited (BPCL), Gujarat Gas Limited, Maharashtra Natural Gas Limited, and Avantika Gas Limited. The combined value of these tenders is around ₹26 Crore (inclusive of GST). The company is awaiting formal Letters of Acceptance (LOAs) from these clients and will update the exchange once received. Desco Infratech, based in Surat, operates in infrastructure-related services and is now being formally recognized for winning work from major public-sector and private oil & gas players.
Positive near-term development — ₹26 Cr of new business from reputed public/private sector gas and petroleum clients strengthens the order book and revenue visibility. The formal LOAs are still pending, so execution and confirmation are the next triggers to watch for shareholders.