Rs 270 crore order book: Micro-cap company secures orders worth Rs 4,03,88,143.03 from Gail Gas Ltd & Adani Total Gas Ltd

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

The stock is up by 58.81 per cent from its 52-week low of Rs 160 per share.

Desco Infratech Limited has announced the successful securing of new orders and a Letter of Intent (LOI) totalling Rs 4,03,88,143.03 from major players in the gas distribution sector, namely Gail Gas Limited and Adani Total Gas Limited. The largest confirmed order, valued at Rs 2,83,88,143.03 (approximately crores), was awarded by Gail Gas Limited. This domestic contract involves the hiring of services for new Domestic Piped Natural Gas (DPNG) connections along with Last Mile Connectivity (LMC) in the city of Bengaluru, Karnataka. This significant win strengthens Desco Infratech's presence in key regional gas infrastructure development projects.

In addition to the confirmed Gail Gas order, Desco Infratech also received a Letter of Intent (LOI) from Adani Total Gas Limited. This LOI, which outlines potential new orders/contracts, is valued at a maximum of Rs 1.20 crore. The scope of work under the Adani Total Gas LOI is related to Medium-Density Polyethene (MDPE) pipe laying and Last Mile Connectivity (LMC) associated works in Jalandhar, Punjab. The company has stated that the final purchase order details, including the exact total value of the contracts and specific terms, will be formally communicated to the Exchange upon their finalisation.

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

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