DESCO Infratech Limited has received a Letter of Intent (LOI) from Sabarmati Gas Ltd, which is described as a Joint Venture of GSPC & BPCL. The LOI is for "Laying, Installation, Testing and Commissioning of 4" Dia. Steel Gas Pipeline in Aravalli GA, Gujarat for Steel Pipeline connectivity of M/s. Balaji Wafers Pvt. Ltd."
The total value of the contract is Rs. 5,861,642.45 (Rupees Five Million Eight Hundred Sixty-One Thousand Six Hundred Forty-Two and Forty-Five Paise Only), inclusive of GST.
Key contract details:
- Awarding Entity: Sabarmati Gas Limited
- Contract Type: Domestic
- Significant Terms: As per the Contract (not specified in detail)
- Time Period for Execution: As per the Contract (not specified)
- Promoter/Group Interest: No interest from promoter/promoter group/group companies in the entity that awarded the contract
- Related Party Transaction: Not applicable
The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular reference no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
The intimation was signed by Tripti Gaggar, Company Secretary & Compliance Officer, on September 17, 2026, at 11:57:58 IST.