Desco Infratech disclosed under SEBI Reg. 30 that it emerged as L1 bidder for ONGC's crude oil pipeline replacement project.
The project involves replacing 24-inch pipelines from ONGC Trombay Terminal to BPCL and HPCL refineries at Uran Plant.
This achievement strengthens Desco's order pipeline and positioning in India's oil & gas infrastructure sector.
Further disclosure will be made upon receipt of formal Letter of Intent or Award from ONGC.