Desco Infratech Bags New Orders Worth INR54 Million for City Gas Distribution Services

MT Newswires Live01-06

Desco Infratech (BOM:544387) has secured new orders worth 53.7 million Indian rupees from Adani Total Gas (NSE:ATGL, BOM:542066), Bharat Petroleum Corporation (NSE:BPCL, BOM:500547), and Maharashtra Natural Gas, according to a BSE filing on Tuesday.

The contracts include executing piped natural gas (PNG) works at Faridabad and Palwal in India, and providing operations and maintenance (O&M) services for PNG network of Bharat Petroleum in the Hanumangarh district of Rajasthan.

The company also received an order for hiring support services for PNG O&M of PNG Connections in Wakad and Talegaon area for the city gas distribution network of Maharashtra Natural Gas in Pune, India.

The company's shares were down 2% in recent trade.

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