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Desco Infratech jumps 3.55% after securing Rs 5.86 crore LOI from Sabarmati Gas for pipeline work in Gujarat

17-Sep-26 13:19 Hrs IST

Desco Infratech Ltd. is up 3.55% to Rs 186.7 today, building on recent momentum and showing a 15.78% increase over the last one week.

Desco Infratech Limited announced it has received a Letter of Intent (LOI) from Sabarmati Gas Ltd, a joint venture of GSPC & BPCL, for Rs 5,861,642.45, inclusive of GST, to lay, install, test, and commission a 4” diameter steel gas pipeline in Aravalli GA, Gujarat, for Balaji Wafers Pvt. Ltd. The LOI was received on September 17, 2026, and falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading volume totaled 24000 shares today, a decrease of 15.79% from the one-week average volume. Desco Infratech Ltd registered a decline of 20.72% year-over-year, underperforming the 8.01% loss seen in the NIFTY50 index.

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