Latest news with #DescoInfratech
Business Standard
3 days ago
- 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.
Business Standard
03-06-2025
- Business
- Business Standard
Desco Infratech gains after securing Rs 19-cr orders
Desco Infratech rose 2.08% to Rs 231 after the company announced that it has received multiple orders from Bharat Petroleum Corporation, GAIL Gas, and Torrent Gas aggregating to Rs 19.19 crore. The contracts include last-mile connectivity (LMC), direct marketing services (DMA), and associated works for city gas distribution (CGD) projects in Karnataka, along with operations and maintenance services for PEPNG works in Rajasthan. The total order value stands at Rs 19,18,83,978.30, and the projects will be executed as per contractual terms. Desco Infratech is an infrastructure company focused on engineering, planning, & construction, particularly in city gas distribution, renewable energy, water, and power sectors.
