Desco Infratech Receives ₹150.64M LOI from Sabarmati Gas

Desco Infratech Limited has received a Letter of Intent (LOI) from Sabarmati Gas Limited, a joint venture of GSPC and BPCL. The LOI is for the execution of work related to the laying, installation, testing, and commissioning of gas pipelines for CNG station connectivity. The total value of the contract is Rs. 150,640,474 (approximately Rs. 150.64 Million), inclusive of GST. This follows Desco Infratech being declared the L1 Bidder in a previous tender. The contract is for a domestic entity and is expected to be executed as per the contract terms.