Rs 270 Crore Order Book: City Gas Distributor Bags Orders Worth Rs 19,18,83,978.30 From Bharat Petroleum Corporation, GAIL Gas and Torrent Gas
The shares of the company have a PE of 20x, an ROE of 26 per cent and an ROCE of 37 per cent.
On Tuesday, shares of Desco Infratech Limited gained 3.34 per cent to Rs 233.85 per share from its previous closing of Rs 226.30 per share. The stock’s 52-week high is Rs 265 per share while its 52-week low is Rs 160 per share.
Desco Infratech Limited has secured multiple domestic orders totalling Rs 19,18,83,978.30 (inclusive of GST) from Bharat Petroleum Corporation Limited, GAIL Gas Limited, and Torrent Gas Limited. These contracts primarily involve Last Mile Connectivity (LMC) and Direct Marketing Services (DMA) activities, along with associated works for City Gas Distribution (CGD) in Karnataka. Additionally, the company will provide Operations and Maintenance Services for PEPNG work in Rajasthan. The terms and execution timelines for these orders are as per the respective contracts.
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.
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The company has a market cap of Rs 178 crore and its order book stands at Rs 270 crore as of May 12, 2025. The shares of the company have a PE of 20x, an ROE of 26 per cent and an ROCE of 37 per cent. The stock is up by 46.2 per cent from its 52-week low of Rs 160 per share.
Disclaimer: The article is for informational purposes only and not investment advice.