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Desco Infratech emerges L1 bidder for BPCL's CGD projects in Odisha

26-Nov-25 15:21 Hrs IST

The projects span four geographical areas awarded by Bharat Petroleum Corporation (BPCL).

The company said the win marks a key strategic expansion as it enters a new market in eastern India, strengthening its presence and widening its operational footprint.

The aggregate value of the tenders is estimated at a minimum of Rs 7 crore.

Desco Infratech is an infrastructure company focused on engineering, planning, & construction, particularly in city gas distribution, renewable energy, water, and power sectors. On a full-year basis, the company's net profit surged 172.9% to Rs 9.06 crore on a 102.3% rise in revenue to Rs 59.45 crore in FY25 over FY24. The counter shed 0.07% to Rs 205 on the BSE.

Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining crude oil and marketing petroleum products. The company reported a 168.74% jump in standalone net profit to Rs 6,442.53 crore in Q2 FY26 as against Rs 2,397.23 crore posted in Q2 FY25. Net sales (excluding excise duty) rose 2.09% year-on-year (YoY) to Rs 1,04,912.47 crore in the September 2025 quarter. The counter rallied 3.63% to Rs 367.85 on the BSE.

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