Desco Infratech Ltd Wins Contract From ONGC for Pipeline Replacement Project
Desco Infratech Ltd announced on May 15, 2026, that it has received the Notification of Award (NOA) from Oil and Natural Gas Corporation Limited (ONGC). The award is for a major project concerning the replacement of crude oil transfer pipelines in Maharashtra.The company secured the contract for the project titled 'Replacement of 24' Crude Oil Transfer Pipelines from ONGC Trombay Terminal to BPCL & HPCL Refineries, Uran Plant'. The total value of the awarded contract is Rs. 166,690,694.00.
The contract details highlight a domestic award for infrastructure work involving major refineries. The consideration of the order is Rs. 166,690,694.00, which is inclusive of GST.
Key details regarding the award are presented below:
| Particulars | Details |
|---|---|
| Awarding Entity | Oil and Natural Gas Corporation Limited (ONGC) |
| Project Nature | Replacement of 24' crude oil transfer pipelines |
| Location | ONGC Trombay Terminal to BPCL & HPCL Refineries, Uran Plant, Maharashtra |
| Order Type | Domestic |
| Total Value (Consideration) | Rs. 166,690,694.00 Inclusive of GST |
| Promoter Interest | None |
Desco Infratech Ltd, which was formerly Desco Infratech Pvt Ltd, confirmed that the contract falls within the scope of routine operational work, with execution timelines set as per the agreement terms.
Stock Price Movement
As of 10:42, Desco Infratech Ltd shares are ticking up, trading at ₹249.00, which represents a 0.36% gain in value. The stock has traded in a significant range today, moving between an intraday low of ₹241.00 and an intraday high of ₹260.00.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.
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