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India Ratings assigned a 'IND BBB-/Stable/IND A3' rating to Desco Infratech's bank facilities. The stable outlook reflects the company's strong order book and improving revenue.
Desco Infratech appointed Arun Kumar Kalyanaraman as President Strategic Projects and re-appointed Kanchan Agarwal & Associates as Internal Auditor. These appointments strengthen the company's operational and audit oversight.
Desco Infratech secured two domestic infrastructure orders totaling ₹5.62 Crore. Clients include KP Energy and GAIL Gas for cable laying and pipeline works.
Desco Infratech secured a ₹3.15 Crore contract for site remediation and cable laying services. This order from Green Gene and KP Energy bolsters operational revenue visibility.
Desco Infratech emerged as the L1 bidder for Gujarat Gas Limited's PE laying and PNG connection tender. The project includes infrastructure works at Surat and Hazira.
Desco Infratech emerged as L1 bidder for Sabarmati Gas Limited's pipeline connectivity project. The win strengthens its order book in the gas distribution sector.
Desco Infratech successfully commissioned a 14 KM MDPE pipeline project in Haryana. The infrastructure facilitates PNG connectivity for 1,000 residential households, enhancing operational safety.
Desco Infratech emerged as the L1 bidder for ONGC's crude oil pipeline replacement project. This project connects the Trombay Terminal to refineries at Uran.
Desco Infratech Limited appointed M/S. Aristos Advisory as its Investor and Public Relations Agency. The engagement commenced effective May 11, 2026.
Desco Infratech delivered 99% revenue growth in FY26, driven by PNG and solar EPC expansion. Shifting towards higher-margin solar/power distribution to optimize cash flow.
Desco Infratech secured a ₹1.92 Crore cable installation order from KP Energy. It also completed gasification activities at Vizag Steel Plant with IOCL.
Desco Infratech Limited reported significant operational milestones for FY 2025-26, including a 109% growth in O&M projects and 15.04% increase in meter installations. The company successfully diversified into new segments like solar EPC, water infrastructure under JJM, and power cable works, marking a transformative year for its infrastructure solutions platform.
Desco Infratech Ltd reported a 99% YoY revenue increase to ₹118.79 Crore for FY 2025-26. Net profit rose 81% to ₹16.38 Crore, driven by its City Gas Distribution segment. The company also announced the acquisition of SGAEPL and expansion into the UAE market to accelerate future growth and international footprint.
Desco Infratech Ltd reported revenue from operations of ₹76.6 Cr (+108.2% YoY) and net profit of ₹10.2 Cr (+75.9% YoY) for H2 FY26.
Desco Infratech Ltd reported consolidated total income of ₹118.79 Crore and net profit of ₹16.34 Crore for FY26. The company approved its audited financial results for the year ended March 31, 2026, with an unmodified auditor opinion. Performance reflects growth in gas and power distribution segments.
Desco Infratech Limited successfully completed and commissioned a 9,150-meter underground power infrastructure project for a KP Group company in Hansot, Gujarat. The project involved HDD-based cable laying and OFC installation. This operational milestone validates the company's execution capabilities in India's growing power and energy infrastructure sector.
Desco Infratech Limited clarified to BSE that the recent increase in share trading volume is purely market-driven. The company confirmed compliance with SEBI LODR Regulations and stated there is no undisclosed price-sensitive information affecting the volume movement.
Desco Infratech Ltd has appointed South Gujarat Shares and Sharebrokers Limited as its new Market Maker effective April 15, 2026. This follows the resignation of the outgoing Market Maker, Rikhav Securities Limited. The change is compliant with SEBI (LODR) Regulations for the SME segment.
Desco Infratech promoter Indiraben Pruthubhai Desai transferred 23,82,354 equity shares (31.04% stake) to her son, Pankaj Desai, through an off-market inter-se gift. This internal promoter group transfer does not change the aggregate promoter shareholding in the company.
Pankaj Pruthu Desai, a promoter of Desco Infratech Ltd, acquired 23,82,354 shares (31.04% stake) via an off-market inter-se transfer from Indiraben Pruthubhai Desai. The transaction was a gift between immediate relatives with no monetary consideration. Following this, the acquirer's total holding increased to 31.24%.
Pankaj Pruthu Desai, a promoter of Desco Infratech Ltd, acquired 23,82,354 equity shares (31.04% stake) via an off-market gift from Indiraben Pruthu Desai. This inter-se transfer between immediate relatives consolidates the acquirer's individual holding to 31.24% while keeping the total promoter group stake unchanged.
Desco Infratech promoters Indiraben Pruthubhai Desai and Pankaj Pruthu Desai completed an off-market inter-se transfer of 23,82,354 shares via gift. The transaction represents a 31.04% stake reshuffle within the promoter group, leaving the aggregate promoter shareholding unchanged at completion.
Mr. Pankaj Pruthu Desai, a promoter of Desco Infratech Ltd, acquired 23,82,354 equity shares (31.04% stake) via an off-market inter-se gift from Indiraben Pruthu Desai. This internal promoter group transfer does not change the aggregate promoter shareholding but consolidates a significant stake under the acquirer's individual holding.
Desco Infratech Limited has incorporated a wholly owned subsidiary, DESCO GLOBAL FZ LLC, in Ras Al Khaimah, UAE. The subsidiary will focus on project management consultancy to explore overseas business opportunities. The parent company subscribed to 10 shares for a total consideration of AED 10,000 (approx. ₹0.03 Crore).