Desco Infratech Limited has emerged as the L1 (Lowest Bidder) for a pipeline replacement project floated by Oil and Natural Gas Corporation Limited (ONGC), as disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on 13th May, 2026. The company secured the first position amongst various industry participants as per the BOQ Summary Details.

Project Overview

The project pertains to the replacement of critical crude oil transfer pipeline infrastructure and is formally titled:

"Replacement of 24 Inch Crude Oil Transfer Pipelines from ONGC Trombay Terminal to BPCL and HPCL Refineries at Uran Plant"

Key details of the project are outlined below:

Scope and Strategic Importance

The scope of the project involves the replacement and strengthening of pipeline infrastructure connecting the ONGC Trombay Terminal with the refinery facilities of BPCL and HPCL at Uran Plant. The project is aimed at ensuring safe, efficient, and uninterrupted transportation of crude oil within India's energy infrastructure network. Its execution is expected to involve advanced engineering practices, pipeline infrastructure expertise, and stringent safety standards.

About ONGC

Oil and Natural Gas Corporation Limited (ONGC) is a Maharatna Public Sector Enterprise and one of India's largest energy companies. ONGC plays a significant role in India's energy security and contributes substantially to the country's crude oil and natural gas production. The corporation has been instrumental in developing and modernizing India's upstream and midstream hydrocarbon infrastructure.

Significance for Desco Infratech

This development marks a milestone in Desco Infratech's expanding presence within India's oil & gas and hydrocarbon infrastructure sector. The company continues to focus on strategic opportunities in pipeline construction, gasification systems, industrial engineering, and energy infrastructure projects across India. The company has stated that further disclosures, including details required under the aforementioned SEBI regulations read with the Master Circular, shall be made separately upon receipt of the Letter of Intent (LOI), Letter of Award (LOA), or Purchase Order from the concerned authority.

DESCO Infratech Limited has announced the appointment of M/S. Aristos Advisory as its Investor Relations and Public Relations (IRPR) professional, effective May 11, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and formally communicated to the Listing Department of BSE Limited.

Appointment Details

The following table summarises the key details of the appointment as disclosed by the company:

Regulatory Compliance

The intimation was submitted to BSE Limited in accordance with the applicable disclosure requirements under SEBI's Listing Obligations and Disclosure Requirements framework. The communication was signed by Muskan Khandal, Company Secretary and Compliance Officer of DESCO Infratech Limited, confirming the company's adherence to its regulatory obligations.