Desco Infratech gains on bagging Rs 2-cr of order
According to an exchange filing, the order includes DPNG work for high-rise buildings in Chennai and domestic, industrial, and commercial customer connections, involving service line MDPE laying and installation of PNG connections in high-rise buildings at Hisar, Haryana.
The company clarified that neither the promoter, the promoter group, nor any group companies have any financial or other interest in the awarding entities.
Additionally, the company has received lowest bidder (L1) confirmation from Maharashtra Natural Gas. As per SEBI regulations and the applicable Master Circular, a separate disclosure will be made upon receipt of the Letter of Intent (LOI) or Letter of Award (LOA) from the concerned authority.
Desco Infratech is an infrastructure company focused on engineering, planning, & construction, particularly in city gas distribution, renewable energy, water, and power sectors.
On a full-year basis, the company's net profit surged 172.9% to Rs 9.06 crore on a 102.3% rise in revenue to Rs 59.45 crore in FY25 over FY24.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
21 minutes ago
- Deccan Herald
Maharashtra: Over 14,000 men get benefits of scheme meant for women
The benefits taken by over 14,000 men for nearly 10 months from Ladki Bahin Yojana amounts to a whopping Rs 21.44 crore.
Hans India
21 minutes ago
- Hans India
CM Fadnavis directs formation of committee to explore use of solar power in textiles sector
Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Saturday directed the establishment of a committee comprising the textiles and energy departments to explore the use of solar power in the textiles sector to solve the power supply-related problems. Further, he instructed that a uniform criterion should be set for providing financial assistance to new cooperative spinning mills under the Social Justice, Tribal Development and Other Backward Classes Welfare Departments, saying that each department should make additional provision for the spinning mills under their jurisdiction. He chaired the review meeting of the textiles department, which was attended by Textiles Minister Sanjay Savkare, Legislative Council member Amrish Patel and senior officers from various departments. CM Fadnavis said that while extending the interest subsidy scheme on loans to cooperative spinning mills, they should be modernised and graded. A report should be prepared on the reopening of closed mills under the National Textile Corporation in the state. On that basis, action should be taken to submit a proposal to the Central Government for the reopening of closed mills. 'Necessary amendments should be made in the Integrated and Sustainable Textile Policy 2023-28. Along with this, a policy should be prepared regarding the recovery of government dues from cooperative spinning mills and cooperative power loom institutions. Further, the process of registering all power looms in the state should be completed. The process of obtaining a no-objection certificate from the Maharashtra State Khadi Village Industries Board for the repair of the building used by the Silk Directorate in Pune and the creation of other facilities should be completed immediately,' instructed CM Fadnavis. He also reviewed various issues relating to the creation of a new Maharashtra State Textiles Development Corporation, merger of Textiles Commissionerate and Silk Directorate to form Textiles and Silk Commissionerate, plan to allow sale of additional land from cooperative spinning mills, preparation of a new scheme for providing rehabilitation loans to spinning mills and a scheme for leasing spinning mills, action to revise the project report value of cooperative spinning mills from Rs 80.90 crore to Rs 118 crore and permanent acquisition of leased land from the Red Cross Society at Wai in Satara district for the District Silk Office.
News18
31 minutes ago
- News18
Lodha Developers Q1 net profit jumps 42 pc to Rs 675 cr
Agency: New Delhi, Jul 26 (PTI) Realty firm Lodha Developers Ltd on Saturday reported a 42 per cent surge in its consolidated net profit to Rs 675.1 crore for the first quarter of this fiscal, due to better income driven by strong housing demand. Its net profit stood at Rs 475.9 crore in the year-ago period. The total income rose to Rs 3,624.7 crore in the April-June period of the 2025-26 fiscal from Rs 2,918.3 crore in the corresponding period of the preceding year, according to a regulatory filing. The company's MD and CEO Abhishek Lodha said the latest June quarter was its best-ever first-quarter pre-sales performance at Rs 4,450 crore. The performance would have been much better, but for two weeks of uncertainties during the India-Pakistan conflict, which had an adverse effect, he added. 'Structural industry tailwinds on the back of low home-ownership levels, rising household incomes, strong affordability, low mortgage rates, combined with ever-increasing customers' desire to own quality homes from branded developers, like Lodha forms the cornerstone of our business strategy, to deliver 20 per cent topline growth on a sustainable basis for the foreseeable future," said Abhishek. 'We expect this to strengthen in H2 of this fiscal," he added. He highlighted that the company has achieved more than 90 per cent of its FY26 business development guidance in the first quarter itself. 'We have added five projects at marquee locations in MMR, Pune and Bengaluru with Rs 22,700 crore of GDV (gross development value) potential." Lodha Developers is one of the leading real estate companies in the country. In 2024-25, the company had posted a net profit of Rs 2,766.6 crore on a total income of Rs 14,169.8 crore. Lodha Developers has a strong presence in the residential markets of Mumbai Metropolitan Region (MMR), Pune and Bengaluru. The company has delivered 110 million square feet of real estate and is currently developing more than 130 million square feet under its ongoing and planned portfolio. PTI MJH BAL BAL view comments First Published: July 26, 2025, 21:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
