Desco Infratech Soars 5% After Bagging ₹9.53 Cr CGD Orders from BPCL, Torrent Gas & MNGL
By Shishta Dutta | Updated at: Jul 14, 2025 05:16 PM IST
Mumbai, July 14, 2025 (12:06 IST) – The shares of Desco Infratech Ltd (BSE: 544387) surged around 5% after the company’s announcement of procuring fresh orders worth ₹9.53 crores including a LOA (Letter of Award) from BPCL (Bharat Petroleum Corporation Ltd) and additional contacts from Torrent Gas and Maharashtra Natural Gas Limited. These orders strengthened the company’s credibility for future tenders, enhancing investors’ confidence in infra SMEs.
Stock Movement Snapshot
The share closed at ₹233.80 (4.84% rise from the previous day’s close). The share went up to ₹234.15 and a low of ₹223.00 during the day. The volumes also remained decent at 49000 shares.
| Metric | Value |
|---|---|
| Previous Close | ₹223.00 |
| Opening Price | ₹225.00 |
| Day’s High (so far) | ₹234.15 |
| Day’s Low | ₹223.00 |
| Volume Weighted Avg. | ₹230.50 |
| 52-Week High | ₹265.00 |
| 52-Week Low | ₹160.00 |
| Market Cap (Full) | ₹179.73 Cr |
| Market Cap (Free Float) | ₹34.49 Cr |
The scrip is currently under ESM Stage 1 surveillance, with fewer than 100 unique clients/PANs trading in the past 30 days, as per BSE disclosures.
Order Details: ₹9.53 Crores in New Contracts
In a regulatory filing under Regulation 30 of SEBI LODR, Desco Infratech confirmed receiving the following:
- BPCL: LOA for L1 bid announced earlier on July 8, 2025
- Torrent Gas Chennai Pvt Ltd & MNGL: Additional orders for pipeline and service contracts
- Total Value: ₹9,53,26,291.70 (inclusive of GST)
Nature of Work Awarded
| Client | Scope of Work |
|---|---|
| Bharat Petroleum Corporation Ltd | Laying of PE network for CGD Project in Ahmednagar |
| Torrent Gas Chennai Pvt Ltd | MDPE pipeline laying, PNG connections, and CGD-related work in Chennai |
| Maharashtra Natural Gas Ltd (MNGL) | Service contract for patrolling and surveillance in Pune |
About Desco Infratech Ltd
Desco Infratech Ltd is a Surat-based civil infrastructure company listed on the BSE SME platform. It specializes in City Gas Distribution (CGD) projects and associated pipeline services. The company is currently under ESM surveillance due to low investor activity, but continues to secure significant government and private sector contracts, enhancing its order book.
Stay tuned for updates on execution timelines and future order inflows under SEBI Regulation 30 disclosures.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/811ee5bc-b467-4c7f-bfe7-1cd5db084e19.pdf
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