Desco Infratech has been empaneled by the New & Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP) as an approved supplier for grid-connected rooftop solar photovoltaic power plants. The empanelment covers projects ranging from 1 KWp to 500 KWp across various locations in Andhra Pradesh under the Solar Rooftop Net Metering Policy.

The company disclosed the development in a filing with the BSE on September 21, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. NREDCAP is a state government company responsible for promoting renewable energy initiatives in the region.

Strategic Significance

Desco Infratech stated that this empanelment provides an additional platform to identify and pursue solar project opportunities. The company aims to diversify its project portfolio and leverage its existing capabilities in solar infrastructure execution. This move aligns with its strategy to strengthen its presence in the renewable energy segment, particularly within the growing rooftop solar market in Andhra Pradesh.

No Immediate Order Award

The company clarified that the empanelment does not constitute an award of any specific project or order. Actual business opportunities will depend on project requirements, proposals, subsequent work orders, contracts, and other applicable conditions. Desco Infratech will continue to evaluate and pursue suitable opportunities arising from this status.

Tripti Gaggarr, Company Secretary and Compliance Officer of Desco Infratech Limited, signed the disclosure.

Desco Infratech Ltd signed a Memorandum of Understanding (MoU) with DenEB Air Gases Private Limited to pursue engineering, procurement and construction (EPC) opportunities in the LNG, LCNG and CNG infrastructure sectors.

The agreement, disclosed on September 16, 2026, outlines a strategic collaboration aimed at combining the commercial, technical and execution capabilities of both entities. The partnership focuses on identifying, bidding for and securing suitable domestic EPC projects within the clean energy infrastructure space.

Strategic Collaboration Details

The MoU establishes a framework for long-term cooperation rather than a fixed financial arrangement. Key terms include:

• Scope: Joint pursuit and execution of EPC projects related to LNG, LCNG and CNG infrastructure.
• Financials: Payment terms will be mutually discussed and agreed upon in writing on a project-by-project basis. No fixed financial arrangement has been finalized under the MoU.
• Nature: The transaction is not classified as a related-party transaction. Neither Desco Infratech nor its promoter group holds an interest in DenEB Air Gases.

DenEB Air Gases is a private limited company operating in the energy and industrial gas sectors. Its capabilities span end-to-end EPC solutions and technical services for natural gas, LNG, LPG, cryogenic systems and on-site clean gas generation.

Rationale and Expected Benefits

Desco Infratech stated that the collaboration leverages complementary strengths to enhance competitiveness in the growing gas infrastructure market. The arrangement is expected to facilitate access to new business opportunities, strengthen project execution capabilities and create sustainable business avenues for both parties.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.