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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.