The shares of this small cap company engaged in the provision of infrastructure and maintenance service hit a 5 percent upper circuit in the day’s trade upon receiving work order from Bharat Petroleum Corporation Limited.
Price action
With a market/capitalization of 162.62 crores the share of Desco Infra Limited rose by 4.98 percent making a high of 211.85 compared to previous closing price of 201.80,and now the share is trading ATM (All Time High) and past 6 months it gives a 26 percent return
What Happened
Desco Infra Limited has announced that it has received a new work order from Bharat Petroleum Corporation Limited for providing Last mile connectivity (LMC) & Direct Marketing Services (DMA) activity & associated works for city gas distribution in Bahraich for a consideration of Rs. 11.86 Crores.
About the company
Desco Infratech, established in 2011, is a force to be reckoned with in India’s infrastructure development. We’re not just engineers; we’re a team of passionate innovators tackling complex challenges across City Gas Distribution, Renewable Energy, Water, and Power sectors. Our expertise spans from laying MDPE and steel pipelines to constructing vital water infrastructure and robust power distribution networks
Prestigious clients
The company has a set of prestigious clients,Think gas,gujart gas,adani gas gail gas,indian oil, adani renewables,BPCL,KSPPL,MNGL,and more others.
Financials
Coming to the financial statements its revenue from operations grew by 0.58 percent from Rs. 29.22 crores to Rs. 29.39 Crores accompanied by profits of Rs. 1.23 Crores to Rs. 3.46 Crores.
Written by Sanjay G
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