Desco Infratech Limited

Lays gas and power infrastructure for utilities across India as an EPC contractor. The largest line is City Gas Distribution (CGD) — MDPE and steel pipeline laying, domestic PNG connections and CNG station connectivity for clients including Adani Total Gas, GAIL, IndianOil, BPCL, Sabarmati Gas, Gujarat Gas and ONGC. CGD contributed about 70% of FY26 revenue (INR 83.24 crores) at a 15.42% PAT margin. Power distribution and solar EPC, including underground cable laying and solar project execution, made up the remaining 30% (INR 35.37 crores) at a 10.01% PAT margin. A third segment — Compressed Bio Gas — is being built through subsidiary Shri Green Agro Energies, with Phase-1 of a 5 TPD plant at Bulandshahr, Uttar Pradesh commissioned in June 2026 and revenue expected from FY27. The order book stood at INR 345 crore with a tender pipeline of INR 650 crore against FY26 revenue of INR 118.79 crores, while other operating expenses dominate the cost structure at 63.7% of revenue.