Desco Infratech Bags ₹35 Cr+ Orders from Oil & Gas Giants, Stock Rallies on Growth Momentum

Desco Infratech Ltd has secured multiple infrastructure contracts worth over ₹35 crore, reinforcing its position in India’s city gas distribution and energy services sector. The company recently announced confirmed orders totaling ₹19.19 crore from Bharat Petroleum Corporation, GAIL Gas, and Torrent Gas, covering last-mile connectivity (LMC), direct marketing services (DMA), and O&M contracts for CGD networks in Karnataka and Rajasthan.

 

In addition, Desco has received fresh orders worth ₹7.17 crore from newly empaneled clients, and earlier in May, it disclosed confirmed orders totaling ₹9.41 crore, bringing the cumulative order inflow to over ₹35 crore in recent weeks.

 

The company’s FY25 performance was equally impressive, with net profit surging 173% YoY to ₹9.06 crore and revenue doubling to ₹59.45 crore, driven by strong execution across renewable energy, water, and power verticals.

 

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Source: Business Standard – Desco Infratech Gains After ₹19 Cr Orders | Economic Times – Desco Infratech Announcements