Desco Infratech has been declared the successful bidder for CGD projects in Odisha worth ₹70 million. The win expands its order book and supports India’s clean energy goals. With expertise in connectivity and smart metering, Desco is well-positioned to benefit from India’s fast-growing $20.9 billion CGD market.
Desco Infratech Ltd has been declared the successful bidder for city gas distribution (CGD) projects in Odisha worth ₹70 million, marking another milestone in its expansion across India’s energy infrastructure sector. The award strengthens Desco’s presence in the eastern region and aligns with India’s push to increase natural gas usage in its energy mix.
Key Highlights
Successful Bid: Desco secured CGD projects valued at ₹70 million in Odisha, reinforcing its role in India’s gas distribution ecosystem.
Strategic Expansion: The win adds to Desco’s growing order book, which has seen contracts from BPCL, GAIL Gas, and Torrent Gas in recent months.
Sectoral Impact: CGD projects are critical to India’s target of raising natural gas consumption to 15% of the energy mix by 2030, supporting clean energy adoption.
Growth Outlook: With expertise in last-mile connectivity, operations, and smart metering, Desco is positioned to benefit from India’s $20.9 billion CGD market, projected to grow at a 13% CAGR by 2030.
Regional Significance: Odisha’s inclusion highlights the state’s role in expanding access to cleaner fuels and reducing reliance on conventional energy sources.
This development underscores Desco’s ambition to become a key player in India’s evolving gas infrastructure landscape.
Sources: ProjectX India, AInvest, MarketScreenerDesco Infratech Ltd has been declared the successful bidder for city gas distribution (CGD) projects in Odisha worth ₹70 million, marking another milestone in its expansion across India’s energy infrastructure sector. The award strengthens Desco’s presence in the eastern region and aligns with India’s push to increase natural gas usage in its energy mix.
Desco Infratech Ltd has been declared the successful bidder for city gas distribution (CGD) projects in Odisha worth ₹70 million, marking another milestone in its expansion across India’s energy infrastructure sector. The award strengthens Desco’s presence in the eastern region and aligns with India’s push to increase natural gas usage in its energy mix.
Key Highlights
-
Successful Bid: Desco secured CGD projects valued at ₹70 million in Odisha, reinforcing its role in India’s gas distribution ecosystem.
-
Strategic Expansion: The win adds to Desco’s growing order book, which has seen contracts from BPCL, GAIL Gas, and Torrent Gas in recent months.
-
Sectoral Impact: CGD projects are critical to India’s target of raising natural gas consumption to 15% of the energy mix by 2030, supporting clean energy adoption.
-
Growth Outlook: With expertise in last-mile connectivity, operations, and smart metering, Desco is positioned to benefit from India’s $20.9 billion CGD market, projected to grow at a 13% CAGR by 2030.
-
Regional Significance: Odisha’s inclusion highlights the state’s role in expanding access to cleaner fuels and reducing reliance on conventional energy sources.
This development underscores Desco’s ambition to become a key player in India’s evolving gas infrastructure landscape.
Sources: ProjectX India, AInvest, MarketScreener