Desco Infratech Limited has announced a significant new order worth ₹3.96 crores from Gail Gas Limited, marking an important milestone for the company in the infrastructure sector.

Contract Details

The contract, valued at ₹3,96,82,887.61 (inclusive of GST), involves laying underground Medium Density Polyethylene (MDPE) pipeline and associated works for City Gas Distribution (CGD) projects in Bengaluru. This domestic contract is set to be executed within a 12-month timeframe, showcasing Desco Infratech's capability to handle substantial infrastructure projects.

Project Scope

The project encompasses:

• Laying of underground MDPE pipeline
• Associated works for CGD projects
• Execution in Bengaluru, a major urban center

Company Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Desco Infratech has provided the following key information:

Significance of the Order

This order is significant for Desco Infratech Limited as it:

1. Strengthens the company's position in the infrastructure sector
2. Contributes to the development of city gas distribution networks
3. Potentially opens doors for future collaborations with Gail Gas Limited

The company has confirmed that the promoters have no interest in Gail Gas Limited, the awarding entity, and that the contract does not fall under related party transactions. This transparency ensures compliance with regulatory requirements and maintains investor confidence.

As Desco Infratech Limited embarks on this new project, stakeholders will be keen to observe its execution and the potential impact on the company's financial performance in the coming fiscal year.

Desco Infratech Limited , a company specializing in infrastructure development, has announced another significant contract win that further strengthens its position in the gas distribution sector. The company has secured an additional order worth ₹4.19 crores from Torrent Gas Jaipur Private Limited for the City Gas Distribution Project in Jaipur, bringing the total contract value to ₹12.64 crores.

Contract Details

The new contract, valued at ₹4.19 crores (inclusive of GST), involves several key components:

• Laying of MDPE (Medium-Density Polyethylene) pipeline
• Installation of PNG (Piped Natural Gas) connections
• Associated work for the City Gas Distribution Project

This domestic infrastructure development project marks an important step in expanding gas distribution networks in Jaipur, potentially improving access to cleaner energy for residents and businesses in the area.

Project Scope and Execution

According to the company's filing, the project encompasses:

1. Laying of MDPE pipeline infrastructure
2. Establishing PNG connections
3. Conducting associated work necessary for the City Gas Distribution Project

The execution timeline and other specific terms will be as per the contract agreement between Desco Infratech and Torrent Gas Jaipur Private Limited.

Company Disclosure and Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Desco Infratech has promptly informed the stock exchange about this material development. The company has confirmed that there is no promoter group interest in Torrent Gas Jaipur Private Limited, the entity awarding the contract, and it does not constitute a related party transaction.

Implications for Desco Infratech

This additional contract win is significant for Desco Infratech as it:

1. Further strengthens the company's order book
2. Reinforces its capabilities in gas infrastructure projects
3. Potentially opens doors for similar projects in other cities

The successful execution of this expanded project could solidify Desco Infratech's position as a key player in India's expanding city gas distribution network.

As the natural gas infrastructure continues to develop across Indian cities, companies like Desco Infratech are playing a crucial role in building the necessary pipeline networks and connections. This project in Jaipur is part of the broader national initiative to increase the use of natural gas in India's energy mix, promoting cleaner and more efficient fuel options for domestic and industrial consumers.