Desco Infratech Receives Rs 67.42 Million Order from Adani Total Gas Limited
Desco Infratech Ltd has secured a purchase order from Adani Total Gas Limited (ATGL) amounting to Rs 67,420,149.60. The contract pertains to the Scope of Work for MDPE Pipeline Laying and LMC Activities covering Domestic, Commercial, and Industrial Connections at Faridabad.The order has been awarded by ATGL, a domestic entity.
Details regarding this significant business development are as follows:
| Particulars | Details |
|---|---|
| Name of Entity Awarding Order | Adani Total Gas Limited (ATGL) |
| Broad Consideration / Size of Order | Rs 67,420,149.60 (Inclusive of GST) |
| Nature of Order | Scope of Work for MDPE Pipeline Laying and LMC Activities (Domestic, Commercial & Industrial Connections) at Faridabad |
| Entity Type | Domestic |
| Promoter Interest in Awarding Entity | No |
The contract details specify that the terms and conditions are as per the executed agreement. The work is scheduled to be completed within a timeframe defined by the contract document itself. There were no instances of promoter or promoter group interest in ATGL regarding this specific order, nor was the transaction identified as falling under related party transactions.
Stock Price Movement
As of 11:03, shares of Desco Infratech Ltd are edging higher, trading at ₹218.50 after a 1.37% gain for the day. The stock has seen movement within an intraday range established between ₹216.00 and the current price of ₹218.50.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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