Business Update9 Sept 2026, 10:22 am
Desco Infratech Secures ₹30.29 Million Order from IOCL
AI Summary
Desco Infratech Ltd has received a Letter of Acceptance from Indian Oil Corporation Limited (IOCL) for a project valued at ₹30.29 million. The project involves the execution of Last Mile Connectivity (LMC) / GI Installation & Direct Marketing Agency (DMA) Works in Vizag GA, Andhra Pradesh. This award follows Desco Infratech's emergence as the L1 bidder for the project. The contract is with a domestic entity, and the terms and execution timeline are as per the contract. The company has confirmed no interest from promoters or promoter groups in IOCL.
Key Highlights
- Secured a new order worth ₹30.29 million from Indian Oil Corporation Limited.
- Project involves Last Mile Connectivity and DMA works in Andhra Pradesh.
- Desco Infratech was the L1 bidder for this domestic contract.
- No promoter interest in the awarding entity.
- Order value is inclusive of GST.
Price Impact
More from DESCO