Latest news with #DescoInfratech
Business Standard
a day ago
- Business
- Business Standard
Desco Infratech hits the roof on bagging Rs 10-cr orders
Desco Infratech hit an upper circuit of 5% at Rs 234.15 after the company announced that it has secured multiple orders totaling Rs 9.53 crore. According to an exchange filing, the orders have been received from Bharat Petroleum Corporation, Torrent Gas Chennai and Maharashtra Natural Gas. The scope of work includes the laying of a PE network and associated works for the City Gas Distribution (CGD) project in Ahmednagar, MDPE pipeline laying and PNG connections in Chennai, as well as a service contract for patrolling and surveillance support of a gas pipeline network in Pune. The combined value of the contracts stands at Rs 9,53,26,291.70 and will be executed as per the terms outlined in contract. Desco Infratech is an infrastructure company focused on engineering, planning, & construction, particularly in city gas distribution, renewable energy, water, and power sectors. On a full-year basis, the company's net profit surged 172.9% to Rs 9.06 crore on a 102.3% rise in revenue to Rs 59.45 crore in FY25 over FY24.
Business Standard
5 days ago
- Business
- Business Standard
Desco Infratech gains on bagging Rs 2-cr of order
Desco Infratech advanced 2.20% to Rs 227.90 after the company announced that it had received order worth Rs 2.06 crore from Torrent Gas Chennai and HCG (KCE). According to an exchange filing, the order includes DPNG work for high-rise buildings in Chennai and domestic, industrial, and commercial customer connections, involving service line MDPE laying and installation of PNG connections in high-rise buildings at Hisar, Haryana. The company clarified that neither the promoter, the promoter group, nor any group companies have any financial or other interest in the awarding entities. Additionally, the company has received lowest bidder (L1) confirmation from Maharashtra Natural Gas. As per SEBI regulations and the applicable Master Circular, a separate disclosure will be made upon receipt of the Letter of Intent (LOI) or Letter of Award (LOA) from the concerned authority. Desco Infratech is an infrastructure company focused on engineering, planning, & construction, particularly in city gas distribution, renewable energy, water, and power sectors. On a full-year basis, the company's net profit surged 172.9% to Rs 9.06 crore on a 102.3% rise in revenue to Rs 59.45 crore in FY25 over FY24.
Business Standard
07-07-2025
- Business
- Business Standard
Desco Infratech gains after bagging Rs 4-cr order from Indraprastha Gas
Desco Infratech advanced 2% to Rs 229.50 after the company announced that it has secured a domestic order worth Rs 3.50 crore from Indraprastha Gas. According to a regulatory filing, the order pertains to the repair and maintenance of PNG (Piped Natural Gas) installations. The total contract value stands at Rs 3,50,27,252, and the duration of the contract will be as specified in the agreement. The company also clarified that none of the promoters, promoter group, or group companies have any interest in the awarding entity, Indraprastha Gas. Desco Infratech is an infrastructure company focused on engineering, planning, & construction, particularly in city gas distribution, renewable energy, water, and power sectors. Indraprastha Gas has reported 9% fall in net profit to Rs 349.23 crore despite a 10% increase in net sales to Rs 3932.78 crore in Q4 FY25 as compared with Q4 FY24. The scrip shed 0.35% to Rs 225.45 on the BSE.
Business Standard
16-06-2025
- Business
- Business Standard
Desco Infratech slides after CFO Prinkle Sanjay Jain resigns
Desco Infratech fell 2.10% to Rs 228 after the company announced that Prinkle Sanjay Jain has tendered his resignation from the post of chief financial officer (CFO) and key managerial personnel of the company, effective from 16 June 2025. Meanwhile, the company has appointed Rushabh Mashkaria as the new CFO and key managerial personnel, also effective 16 June 2025, as per the terms outlined in his appointment letter. A chartered accountant by profession, Rushabh Mashkaria brings over seven years of experience across reputed financial institutions. He has held key roles in credit risk and financial management at RBL Bank, Axis Bank, and L&T Housing Finance, showcasing a strong blend of financial expertise and leadership. Desco Infratech is an infrastructure company focused on engineering, planning, & construction, particularly in city gas distribution, renewable energy, water, and power sectors. On a full-year basis, the company's net profit surged 172.9% to Rs 9.06 crore on a 102.3% rise in revenue to Rs 59.45 crore in FY25 over FY24.
Business Standard
04-06-2025
- Business
- Business Standard
Desco Infratech wins orders worth Rs 19.18 cr
Desco Infratech has received multiple orders from Bharat Petroleum Corporation, GAIL Gas and Torrent Gas of Rs. 19,18,83,978.30/- for Last mile connectivity (LMC) & Direct Marketing associated Services works (DMA) for activity & CGD (city gas distribution) in Karnataka and Operations and Maintenance Services Contract of PE- PNG work in Rajasthan.
