Latest news with #TorrentGasChennai
Business Standard
3 days ago
- Business
- Business Standard
Desco Infratech wins orders worth Rs 9.53 cr
From Bharat Petroleum Corporation, Torrent Gas Chennai and Maharashtra Natural GasDesco Infratech has received orders from Bharat Petroleum Corporation (BPCL), Torrent Gas Chennai and Maharashtra Natural Gas for laying of PE Network and associated Works in CGD pipeline Project laying, at Ahmednagar, MDPE PNG connections and associated work for city gas distribution project at Chennai and service contract for support services for patrolling and surveillance of gas pipeline network at Pune. The aggregate value of these orders is Rs 9.53 crore. Powered by Capital Market - Live News
Business Standard
4 days 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 Standard
10-07-2025
- Business
- Business Standard
Desco Infratech gains on bagging Rs 2-cr of order
Desco Infratech advanced 2.20% to Rs 227.90 after the company announced that it had received order worth Rs 2.06 crore from Torrent Gas Chennai and HCG (KCE). 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.
