Rs 270 Crore Order Book: City Gas Distributor Bags Orders Worth Rs 7,16,79,611.72 From 5 Clients Across India
The shares of the company have a PE of 19x, an ROE of 26 per cent and an ROCE of 31 per cent.
Desco Infratech Limited has announced the securing of new orders totalling Rs 7,16,79,611.72 (Rupees Seven Crore Sixteen Lakh Seventy-Nine Thousand Six Hundred Eleven and Seventy-Two Paisa Only). These significant contracts were awarded by five newly empaneled clients across India: Hindustan Petroleum Corporation Limited, ArcelorMittal Nippon Steel India Private Limited, Amnex Infotechnologies Private Limited, Bridge and Roof Company (India) Limited, and Selan Exploration Technology Limited. The nature of these domestic orders is diverse, encompassing last mile connectivity (LMC) and direct marketing agency (DMA) services for MDPE laying and PNG connections in Rajasthan, installation work for an MSEDCL project in Maharashtra, pipe welding and fabrication in Surat, last mile connectivity for a CGD project in Jamshedpur, and route marker supply and installation in Bakrol.
The terms and conditions for these orders, including the execution timelines, are as per the respective contracts. The total consideration of Rs 7,16,79,611.72 is inclusive of GST, highlighting the substantial value of these new projects. This development underscores Desco Infratech Limited's continued expansion of its client base and its strong presence in various infrastructure development activities across different regions of India.
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About the Company
Desco Infratech Limited, established in January 2011, operates as an infrastructure company specialising in Engineering, Planning, and Construction across various sectors including City Gas Distribution, Renewable Energy, Water, and Power. The company offers a range of services encompassing pipeline laying, installation, testing, commissioning, and operation & maintenance within these domains, catering to projects such as Piped Natural Gas (PNG) networks, power distribution cabling, water pipeline infrastructure, and foundation work for solar power projects, including collaborations with entities like Bharat Petroleum Corporation Limited and Adani Green Energy.
The company has a market cap of Rs 175 crore and its order book stands at Rs 270 crore as of May 12, 2025. The shares of the company have a PE of 19x, an ROE of 26 per cent and an ROCE of 31 per cent. The stock is up by 44.4 per cent from its 52-week low of Rs 160 per share.
Disclaimer: The article is for informational purposes only and not investment advice.