Desco Seals the Deal—₹71.7M Project Powers Utility Playbook

Image Source: Equity Bulls

Desco Infratech Ltd (BSE: DESC.BO) announced the receipt of a new order valued at ₹71.7 million further solidifying its position in the city gas distribution and utility infrastructure business. The order forms part of a series of recent accolades, which demonstrate the firm's growing momentum in the energy and engineering business.

1. Order Details and Scope

The ₹71.7 crore order is part of a larger pipeline of last-mile connectivity (LMC) and direct marketing services (DMA) for city gas distribution (CGD) networks.
The services cover engineering, procurement, and construction (EPC) services and operations and maintenance support in key regions.
The buyer of this specific order is still unknown but follows Bharat Petroleum Corporation Ltd, GAIL Gas Ltd, and Torrent Gas Ltd recent purchase orders.

2. Strategic Significance

This order further establishes Desco's leadership in India's transition to clean energy, particularly in emerging urban and semi-urban piped natural gas coverage.
The company continues to grow in the renewable energy, water, and power infrastructure space with focus on Tier-II and Tier-III towns.

3. Financial and Market Outlook

Desco Infratech's total confirmed order book is over ₹191.8 million with a gestation period between 6 to 18 months depending upon the nature of projects.
The company recently reported a 172.9% rise in FY25 net profit, driven by a 102.3% increase in revenue, reflecting strong operating performance as well as order inflows.

Sources: MarketScreener, Business Standard, Economic Times