Desco Infratech Limited announced on Monday that it has received confirmed new orders worth Rs 2.83 crore from Gail Gas Limited and a Letter of Intent (LOI) from Adani Total Gas Limited. The announcement was made through an official filing with the Bombay Stock Exchange (BSE).
According to the company, the order from Gail Gas Limited pertains to the hiring of contracts for new domestic piped natural gas (DPNG) connections along with last mile connectivity (LMC) in Bengaluru, Karnataka. The contract, valued at Rs 2.83 crore (inclusive of GST), is to be executed as per the terms mentioned in the agreement.
Additionally, Desco Infratech informed that it has received an LOI from Adani Total Gas Limited for MDPE and LMC-related works at Jalandhar, Punjab, with a basic order value capped at Rs 1.20 crore. The company stated that further details, including the final purchase order and value specifics, will be communicated to the exchange upon confirmation.
Desco Infratech, a Surat-based infrastructure company engaged in gas distribution and pipeline-related projects, said these contracts mark another milestone in its ongoing expansion in the energy infrastructure sector.
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