Deals9 Mar 2026, 03:15 pm
Desco Infratech Ltd Receives LOI Worth Rs.2.94 Cr From Aavantika Gas Limited
AI Summary
Desco Infratech Ltd has announced the receipt of a Letter of Intent (LOI) from Aavantika Gas Limited amounting to Rs.2,94,75,864.28/-. The order is for MDPE Laying & Last Mile Connectivity (LMC) Works at Indore GA. The LOI was received pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no promoter/promoter group/group companies have any interest in Aavantika Gas Limited and the order does not fall under related party transactions.
Key Highlights
- Desco Infratech Ltd receives LOI from Aavantika Gas Limited
- The total worth of the LOI is Rs.2.94 Cr
- The LOI is for MDPE Laying & Last Mile Connectivity (LMC) Works at Indore GA
- The LOI was received pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- No promoter/promoter group/group companies have any interest in Aavantika Gas Limited