Desco Infratech Limited , a company specializing in infrastructure development, has announced a significant new contract win that bolsters its position in the gas distribution sector. The company has secured orders worth ₹8.45 crores from Torrent Gas Jaipur Private Limited for a City Gas Distribution Project in Jaipur.

Contract Details

The contract, valued at ₹8,45,64,902.96 (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 with the BSE, 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.

Implications for Desco Infratech

This contract win is significant for Desco Infratech as it:

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

The successful execution of this project could position Desco Infratech 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.

Desco Infratech Limited has announced a significant new order from Bharat Petroleum Corporation Limited (BPCL), further solidifying its position in the infrastructure sector. The company has been awarded a contract worth ₹1.31 crore for a crucial project in Maharashtra.

Project Details

The contract involves the rectification, retesting, and commissioning of the Medium Density Polyethylene (MDPE) network in Maharashtra. This project is expected to enhance the efficiency and reliability of BPCL's infrastructure in the region.

Financial Implications

The order value of ₹1.31 crore is inclusive of Goods and Services Tax (GST). This domestic contract represents a notable addition to Desco Infratech's order book and is expected to contribute positively to the company's revenue stream.

Corporate Governance

In line with regulatory requirements, Desco Infratech has confirmed that the contract does not fall under related party transactions. The company has also stated that its promoters have no interest in Bharat Petroleum Corporation Limited, the entity awarding the contract.

Market Impact

This new order demonstrates Desco Infratech's continued ability to secure contracts from major public sector undertakings. It also highlights the company's expertise in handling complex infrastructure projects, particularly in the oil and gas sector.

Company Background

Desco Infratech Limited, formerly known as Desco Infratech Private Limited, is an ISO 9001:2015 certified company specializing in infrastructure development. The company has been expanding its presence in various sectors and geographical areas, leveraging its technical expertise and project execution capabilities.

As the infrastructure sector continues to grow, particularly with government emphasis on domestic projects, companies like Desco Infratech are well-positioned to benefit from increased opportunities in the market.

Investors and stakeholders will be keenly watching how this new project contributes to Desco Infratech's overall performance in the coming quarters.