Rs 270 crore order book: Micro-cap company secures order worth Rs 3,96,82,887.61 from Gail Gas Ltd

DSIJ Intelligence-1 / 25 Sep 2025/ Categories: Mindshare, Trending

Rs 270 crore order book: Micro-cap company secures order worth Rs 3,96,82,887.61 from Gail Gas Ltd

The stock is up by 57.5 per cent from its 52-week low of Rs 160 per share.

Desco Infratech Limited has been awarded a new domestic order from Gail Gas Limited valued at approximately Rs 3,96,82,887.61. The contract, which is for a City Gas Distribution (CGD) project in Bengaluru, involves the laying of underground MDPE pipelines and other associated works. The project is expected to be completed within a 12-month timeframe.

Earlier, the company received domestic orders from Torrent Gas Jaipur Private Limited, with a total combined value of over Rs 12.64 crore. The contracts are for work on the City Gas Distribution Project in Jaipur. The first order is worth approximately Rs 4.19 crore, and the second is valued at around Rs 8.46 crore. The work includes laying MDPE pipelines, providing PNG connections, and other related tasks, which will help expand Jaipur's gas distribution network.

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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.

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The company has a market cap of over Rs 190 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 57.5 per cent from its 52-week low of Rs 160 per share.

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