Desco Infratech Awarded Rs 150 Million Order for Gas Pipeline Project by Sabarmati Gas Limited
Desco Infratech Ltd has secured a Letter of Intent (LOI) from Sabarmati Gas Limited, a joint venture of GSPC and BPCL. The contract involves the construction of a gas pipeline project valued at Rs 150,640,474/- inclusive of GST.The LOI confirms that Desco Infratech will execute significant work for Sabarmati Gas Limited.
Project Details:
Sabarmati Gas Limited has awarded the contract to Desco Infratech for laying, installation, testing, and commissioning of a specialized steel gas pipeline. The project involves 4-foot, 6-foot, and 8-foot diameter pipelines designed for FDODO CNG Station Connectivity.
The awarding entity, Sabarmati Gas Limited, is confirmed as a domestic organization. The overall size of the contract stands at Rs 150,640,474/-.
Contractual Information Summary:
| Detail | Description |
|---|---|
| Awarding Entity | Sabarmati Gas Limited (Joint Venture of GSPC & BPCL) |
| Contract Value | Rs 150,640,474/- (Inclusive of GST) |
| Nature of Work | Laying, Installation, Testing and Commissioning of Steel Gas Pipeline |
| Entity Type | Domestic |
The company confirmed that its promoter or promoter group members have no interest in Sabarmati Gas Limited. The contract is classified as non-related party business.
Stock Price Movement
As of 10:50, Desco Infratech Ltd shares are edging higher at ₹219.00, climbing 1.22% in morning trading. The stock navigated a range between the intraday low of ₹211.00 and the current high noted at ₹219.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.