Desco Infratech secures new orders worth Rs 44.77 crore from IOCL, BPCL, Torrent Gas
By Aditya Bhagchandani Published on May 12, 2025, 15:05 IST
Desco Infratech Limited announced on May 12 that it has secured fresh orders totalling Rs 44.77 crore from Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Torrent Gas Limited. The company informed the BSE under Regulation 30 of the SEBI LODR Regulations.
These domestic contracts cover last-mile connectivity (LMC), direct marketing activities (DMA), and associated works in the city gas distribution (CGD) space, specifically in Andhra Pradesh, Telangana, and Tamil Nadu. The orders are to be executed as per individual contractual timelines.
Importantly, the company clarified that these are not related party transactions and the promoters have no interest in the awarding entities. Desco further highlighted that these confirmed orders represent nearly 64% of its revenue for FY25 (excluding GST), indicating strong operational momentum.
The contracts underline Desco's growing presence in the gas infrastructure and utility services domain. The company reiterated its commitment to timely and quality execution in alignment with national energy objectives.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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House Education Committee Chairperson Peter Schweyer (D-Lehigh) listed claims from those reports as reasons to reign in payments to cyber charter schools. Majority Leader Matt Bradford (D-Montgomery) called it a 'damning indictment' of the institutions. 'We would all get in trouble if we were taking gift cards as part of our compensation … that's a pro tip for anybody who's in the room, don't do that,' House Education Committee Chairperson Peter Schweyer (D-Lehigh) said. In addition to capping tuition, HB 1500 would establish the Cyber Charter School Funding and Policy Council to recommend changes in how cyber charter schools are funded and how they operate. Isaacson's bill would also require cyber charters to return money to the state, if its general fund surplus is more than half of what it spent in the previous year or its capital fund surplus is more than 20% of what it spent in the previous year. 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