Rs 270 crore order book: City gas distributor bags order worth Rs 3,50,27,252 from Indraprastha Gas Ltd

DSIJ Intelligence-1 / 07 Jul 2025/ Categories: Mindshare, Trending

Rs 270 crore order book: City gas distributor bags order worth Rs 3,50,27,252 from Indraprastha Gas Ltd

The stock is up by 42 per cent from its 52-week low of Rs 160 per share.

Desco Infratech Limited has received a domestic order from Indraprastha Gas Limited valued at Rs 3,50,27,252.00 (inclusive of GST). The contract is for the repair and maintenance of PNG installations, with the specific terms and execution timeline outlined in the contract itself.

Earlier, the company had secured new domestic orders totalling Rs 7,16,79,611.72 (including GST) from five new clients: 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. These diverse contracts involve last-mile connectivity and direct marketing agency services for MDPE laying and PNG connections in Rajasthan, MSEDCL project installation 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.

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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 42 per cent from its 52-week low of Rs 160 per share.

Disclaimer: The article is for informational purposes only and not investment advice.