Announced Thu, 17 Sept · 12:03 IST
LOI from Sabarmati Gas worth Rs. 5.86 Million for pipeline work
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.6%1-day move
₹180.00
prior close
₹185.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——-0.2+0.5+5.6+3.9————————
Up moveDown movePending
AI summary
Desco Infratech received a Letter of Intent from Sabarmati Gas, a joint venture of GSPC and BPCL, valued at Rs. 5.86 million inclusive of GST. The work covers laying, installing, testing, and commissioning a 4 inch steel gas pipeline in Aravalli, Gujarat, for connectivity to Balaji Wafers. The order is domestic with no related party or promoter group interest.
Likely market impact
Small ticket order from a PSU backed client; adds to order book but is minor for overall financials near term.