Synopsis: Shares jumped 4% after emerging as the lowest bidder for tenders worth ₹26 crore from key oil and gas firms. Strong H2FY25 results, robust order book, and diversified client base underline steady growth and expansion across India’s gas infrastructure network.
The shares of this civil construction company gained up to 4 percent in today’s morning session after the company declared the successful lower bidder for the tenders worth Rs 26 crore.
With a market capitalization of Rs 214.93 crore, the shares of Desco Infratech Ltd were trading at Rs 280.00 per share, increasing around 2.78 percent as compared to the previous closing price of Rs 272.90 apiece.
Significant order
The shares of Desco Infratech Ltd have seen positive movement after being declared the successful lower bidder for the tenders of Bharat Petroleum Corporation Limited (BPCL), Gujarat Gas Limited, Maharashtra Natural Gas Limited, and Avantika Gas Limited. This tender is valued at Rs 26 crore. The formal LOAs from the respective clients are awaited, and the company will make further disclosure to the exchange once the same are received or upon any other material development in this regard.
Financial & Operational Highlights
The company delivered strong financial growth in H2FY25, with revenue rising 63% to Rs 36.81 crore from Rs 22.63 crore in H1FY25. Net profit surged 78% to Rs 5.81 crore, reflecting improved operational efficiency and stronger demand momentum across key business segments during the period.
Desco Infratech Limited is an infrastructure company engaged in providing installation, maintenance, and operational services for city gas distribution (CGD) networks in India. The company is involved in pipeline laying, installation, testing, commissioning, and ongoing maintenance for both underground and above-ground gas pipeline systems, including carbon steel and medium-density polyethylene (MDPE) pipelines.
Desco Infratech Limited’s revenue is primarily driven by Gujarat, contributing 31.8%, followed by Haryana at 20.9% and Uttar Pradesh at 18.4%. Maharashtra and Punjab add 15.7% and 7.5% respectively. Smaller contributions come from Madhya Pradesh, Rajasthan, Tamil Nadu, Delhi, and Karnataka, reflecting strong regional diversification across major industrial states.
Desco Infratech Limited is expanding its infrastructure network across India. PNGRB has authorized about 33,500 km of gas pipelines, with 25,000 km already operational. The company covers over 307 geographical areas, providing 12.6 crore DPNG connections, laying 5.45 lakh inch-km of pipelines, and operating 18,336 CNG stations, strengthening India’s gas distribution network.
Desco Infratech Limited serves a strong client base across India’s energy and gas sectors. Key clients include Indian Oil, Bharat Petroleum, GAIL, Adani Gas, Torrent Power, Gujarat Gas, Reliance Industries, and Indraprastha Gas. The diverse clientele highlights Desco’s trusted partnerships with leading public and private players in energy and infrastructure.
As per the recent filing, Desco Infratech Limited’s total order book stands at Rs 270 crore, with Rs 240 crore from EPC projects and Rs 30 crore from O&M contracts. The average execution timelines are 18 months for EPC and 24 months for O&M. The company’s tender pipeline is Rs 125 crore, with a 30–40% conversion ratio.
Written by Abhishek Singh
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