Latest news with #MDPE
Business Standard
a day ago
- Business
- Business Standard
Desco Infratech hits the roof on bagging Rs 10-cr orders
Desco Infratech hit an upper circuit of 5% at Rs 234.15 after the company announced that it has secured multiple orders totaling Rs 9.53 crore. According to an exchange filing, the orders have been received from Bharat Petroleum Corporation, Torrent Gas Chennai and Maharashtra Natural Gas. The scope of work includes the laying of a PE network and associated works for the City Gas Distribution (CGD) project in Ahmednagar, MDPE pipeline laying and PNG connections in Chennai, as well as a service contract for patrolling and surveillance support of a gas pipeline network in Pune. The combined value of the contracts stands at Rs 9,53,26,291.70 and will be executed as per the terms outlined in contract. 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.
Business Upturn
a day ago
- Business
- Business Upturn
DESCO Infratech secures orders worth Rs 9.53 crore from BPCL and others
By Aditya Bhagchandani Published on July 14, 2025, 12:05 IST DESCO Infratech Limited announced on July 14 that it has received a Letter of Award (LOA) from Bharat Petroleum Corporation Limited (BPCL) and additional orders from Torrent Gas Chennai Private Limited and Maharashtra Natural Gas Limited, totaling ₹9.53 crore. According to the regulatory filing with BSE, the company had earlier informed about being the lowest bidder (L1) for the BPCL project on July 8, 2025. The newly confirmed contracts cover work including laying of PE networks, MDPE pipelines, PNG connections, and associated city gas distribution services across Ahmednagar and Chennai, along with patrolling and surveillance support services in Pune. The total order value of ₹9,53,26,291.70 includes GST, and all contracts are domestic in nature. DESCO clarified that none of the promoters or promoter group have any interest in the awarding entities, and these do not qualify as related party transactions. The company stated that the projects will be executed as per the terms of the respective contracts. Contact details (as per filing): Email: [email protected] Website: The company expressed gratitude to stakeholders and requested that the information be taken on record. Ahmedabad Plane Crash 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.
