Desco Infratech Ltd declared L1 for Rs. 26 crore worth tenders

Desco Infratech Ltd has been declared as the successful L1 bidder for the tenders of Bharat Petroleum Corporation Limited (BPCL), Gujarat Gas Limited, Maharashtra Natural Gas Limited and Avantika Gas Limited.

The aggregate value of the tenders is approximately ₹ 26 Cr (Rupees Twenty-Six Crore Approximately), inclusive of GST.

The Company has been declared as the successful bidder for these projects and is expected to receive Letters of Acceptance (LOAs) aggregating to approximately ₹ 26 Cr in due course. The formal LOAs from the respective clients are awaited.

Shares of Desco Infratech Limited was last trading in BSE at Rs. 272.90 as compared to the previous close of Rs. 260.00. The total number of shares traded during the day was 68000 in over 66 trades.

The stock hit an intraday high of Rs. 275.00 and intraday low of 263.00. The net turnover during the day was Rs. 18460350.00.

Source : Equity Bulls

Keywords

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