Desco Infratech secures Rs 23.40 crore purchase order from Adani Total Gas for pipeline work
Desco Infratech Ltd. currently trades at Rs 190.95, after the stock has risen 5.91% over the last week.
Desco Infratech Limited announced it has received a purchase order from Adani Total Gas Limited (“ATGL”) amounting to Rs 23,397,835.32, inclusive of GST, for the execution of work related to MDPE Pipeline Laying and LMC activities at Navsari. The order, awarded domestically, is valued at Rs 23.40 million and the completion timeframe is as per the contract terms, with no related party interest involved.
Trading volume reached 15000 shares today, a decrease of 33.33% from the one-week average volume. Desco Infratech Ltd declined by 18.26% year-over-year, underperforming the 7.43% loss registered by the NIFTY50 index.