Desco Infratech Emerges Lowest Bidder for Steel Gas Pipeline Project; Shares Down 3%

MT Newswires Live05-18

Desco Infratech (BOM:544387) emerged as the lowest bidder for the steel gas pipeline project by Sabarmati Gas, according to a BSE filing on Monday.

The contract is for laying, installation, testing, and commissioning of a steel gas pipeline to connect compressed natural gas (CNG) stations in Gandhinagar, Mehsana, Patan, Sabarkantha, and Aravalli areas in Gujarat, India.

The company's shares were down nearly 3% in recent trade.

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