Desco Infratech Share Price Rise 4.78% After Securing Fresh Orders Worth ₹8.08 Crore

Surat, November 25: Desco Infratech share price is witnessing heavy investor demand today after it announced that it has secured fresh orders worth ₹8.80 crore. As of 12:50 PM, Desco Infratech shares were up by 4.78%, or 9.30 points and were trading at ₹204. Until now, the shares have traded within a range of ₹207.10 and ₹196. The traded volume for the Desco Infratech stock stood at 12 thousand shares, with the company’s market cap at ₹159 crore. The shares have their 52-week high at ₹293.65 and their 52-week low at ₹160.

Desco Infratech Ltd (BSE: 544387) is an Indian infrastructure company specialising in providing comprehensive Engineering, Procurement, and Construction (EPC) and maintenance services across multiple utility sectors. It is a key player in India’s drive toward developing utility networks and renewable energy infrastructure. The company was established in 2011 and is headquartered in Surat, Gujarat.

Shares Rise After Company Announces Fresh Orders Worth ₹8.08 Crore

The rise in the share comes after the company announced that it has secured fresh orders from multiple companies, valued at ₹8.08 crore. The orders include:

• ₹1.77 crore LOA from Maharashtra Natural Gas Limited (MNGL).
• ₹5.04 crore order from Adani Total Gas Limited.
• ₹78.25 lakh order from KP Energy Limited.
• ₹5.41 lakh order from Sundrops Energia Private Limited.
• ₹42.65 lakh order from Antelopus Selan Energy Limited.

Key Details About the Nature of Work

The nature of work for the above orders includes:

• Two-year rate contracts for PNG O&M support services for MNGL in PCMC areas
• TD to PD services and MDPE-associated works across Faridabad, Palwal and Khurja
• 33kV overhead line installation in Bharuch
• DP structure work for Tapi
• Supply, installation, testing and commissioning of MDPE pipeline for Cambey Field

Investor Takeaway

Desco Infratech has announced multiple new orders, with a total value of ₹8.08 crore. The orders are from big companies such as Adani Total Gas, and will help the company in gaining revenue visibility. It will also support the company’s efforts to increase its market presence in the EPC segment. The announcement has boosted investor sentiments, leading to a share price rise. Investors will hope that the shares can sustain this performance in the coming days.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/ca67053e-7ea5-45ee-9cee-f728b93ecede.pdf

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