DESCO Infratech Ltd receives new orders from Gail Gas Ltd

DESCO Infratech Ltd has received new orders from Gail Gas Limited of Rs. 2,83,88,143.03/- (Two Crore Eighty-Three Lakh Eighty-Eight Thousand One Hundred Forty-Three Rupees and Three Paisa Only)

The company has also received Letter of Intent (LOI) from Adani Total Gas Limited for new orders/contracts.

The LOI pertains to MDPE and LMC associated works at Jalandhar, Punjab, with a basic order value capped at ₹1.20 Crores (Rupees One Crore Twenty Lakhs only). Further details, including the exact value of the orders/contracts and other contractual specifics, will be duly intimated to the Exchange upon receipt of the final Purchase Order(s).

Shares of Desco Infratech Limited was last trading in BSE at Rs. 249.80 as compared to the previous close of Rs. 255.00. The total number of shares traded during the day was 33000 in over 32 trades.

The stock hit an intraday high of Rs. 252.70 and intraday low of 245.30. The net turnover during the day was Rs. 8216800.00.

Source : Equity Bulls

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