Rs 270 crore order book: Micro-cap company secures order worth Rs 12,64,32,289.44 from Torrent Gas Jaipur Pvt Ltd

Desco Infratech Limited has secured two new domestic orders from Torrent Gas Jaipur Private Limited, with a total combined value of Rs 12,64,32,289.44. The first order is for Rs 4,18,67,386.48 and the second for Rs 8,45,64,902.96. Both contracts are for work on the City Gas Distribution Project in Jaipur.

The nature of the work for both orders involves the laying of MDPE pipeline, PNG connections and other associated tasks. The contracts, awarded by a domestic entity, will contribute to the expansion of the city's gas distribution network. The terms and conditions, along with the time period for execution, are as specified in the contracts themselves.

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 over Rs 180 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 48.8 per cent from its 52-week low of Rs 160 per share.

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