Desco Infratech Secures ₹2.06 Cr Orders; Stock Gains Over 2%
By Shishta Dutta | Published at: Jul 10, 2025 05:28 PM IST
Surat, July 10 (14:48 IST) – Desco Infratech Ltd (BSE: 544387) shares surged by 2.20% to ₹227.90 after the company confirmed new domestic orders worth ₹2.06 crore and a lowest bid (L1) position in a key government tender.
Order Book Strengthens with New Contracts
In a stock exchange filing under SEBI Regulation 30, Desco Infratech reported confirmed orders from Torrent Gas Chennai Private Limited and HCG (KCE) Private Limited. The combined contract value totals ₹2.06 crore, including GST.
Project Details:
| Particulars | Details |
|---|---|
| Clients | Torrent Gas Chennai Pvt Ltd, HCG (KCE) Pvt Ltd |
| Order Scope | DPNG work in Chennai; PNG installation in high-rise buildings at Hisar |
| Order Type | Domestic |
| Execution Timeline | As per contract terms |
| Promoter Interest | None |
| Related Party Transaction | Not Applicable |
Desco also received L1 confirmation from Maharashtra Natural Gas Ltd., indicating that it was the lowest bidder in the tender. The company stated that further disclosures would be made upon receipt of a Letter of Intent (LOI) or Letter of Award (LOA).
Stock Performance Snapshot (As of 14:48 IST)
| Metric | Value |
|---|---|
| Last Traded Price | ₹227.90 |
| Change (%) | +2.20% |
| Previous Close | ₹223.00 |
| Day’s High / Low | ₹228.00 / ₹222.00 |
| 52-Week High / Low | ₹265.00 / ₹160.00 |
| VWAP | ₹225.28 |
| Turnover (₹ Lakh) | 22.52 |
| Market Cap (Cr.) | ₹174.94 (Full), ₹33.57 (Free Float) |
The company is listed under the BSE SME IPO segment and classified under the Civil Construction sector.
Outlook
Desco Infratech’s new orders worth ₹2.06 crore, along with its status of L1 in the government tender, have supplemented its order book and provided steady growth momentum, contributing to a positive message of increased security dollar value in market confidence, investing in its civil infrastructure depth of performance.
About the Company
Desco Infratech Ltd, formerly Desco Infratech Pvt Ltd, is an ISO 9001:2015 certified infrastructure company engaged primarily in pipeline, gas distribution, and civil construction contracts. The company is listed on BSE SME and is based in Surat, Gujarat.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/903e3bdc-c544-4354-8f50-528229471eae.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
