Desco Infratech Ltd enters into Power & Transmission Infrastructure Sector

Desco Infratech Limited is entering into the Power and Transmission Infrastructure sector, marking a significant milestone in the Company's journey of growth and diversification.

Guided by our vision to be a catalyst in India's infrastructure development, and backed by our experience in the gas pipeline and utility sectors, this strategic entry reflects not just a business opportunity, but a deepened commitment to building the essential lifelines of a growing nation.

With this step, the Company will undertake:

1. Engineering, procurement, and construction of transmission lines and substations,
2. Laying of HT/LT underground and overhead power cables,
3. Urban and industrial electrical infrastructure projects and related services.

The Company has recently received an order worth 237 lakhs from KP Group, further strengthening our initial foray into this sector and reflecting market confidence in our capabilities.

We believe this move will enhance the Company's value proposition and contribute meaningfully to the national grid infrastructure, helping to deliver power - and with it, possibility - to communities across the country.

Shares of Desco Infratech Limited was last trading in BSE at Rs. 239.00 as compared to the previous close of Rs. 234.00. The total number of shares traded during the day was 29000 in over 18 trades.

The stock hit an intraday high of Rs. 245.45 and intraday low of 237.00. The net turnover during the day was Rs. 6969200.00.

Source : Equity Bulls

Keywords

DescoInfratech INE0TGG01014 CivilConstruction