Desco Infratech rises after securing Rs 4-cr order from GAIL Gas

The contract involves the laying of underground MDPE pipelines and associated works as part of the City Gas Distribution (CGD) project in Bengaluru, Karnataka.

According to the company, the contract is to be executed over a period of 12 months from the date of commencement, as per the terms specified in the letter of award (LOA) issued by GAIL Gas. The order was awarded through a domestic competitive tendering process.

Desco Infratech confirmed that there is no involvement of promoters, promoter group, or group companies in GAIL Gas Limited, and the contract does not constitute a related party transaction. It has been awarded on an arm?s length basis.

The project is aligned with the central government?s ongoing efforts to accelerate natural gas infrastructure development across urban India. The CGD network aims to promote cleaner, more sustainable energy solutions in major cities through widespread pipeline connectivity.

Desco Infratech is an infrastructure company focused on engineering, planning, & construction, particularly in city gas distribution, renewable energy, water, and power sectors.

On a full-year basis, the company's net profit surged 172.9% to Rs 9.06 crore on a 102.3% rise in revenue to Rs 59.45 crore in FY25 over FY24.

Powered by Capital Market - Live News