Desco Infratech Wins Rs 39.6 Million GAIL Gas Contract

29 Sep 2025 CW Team

Desco Infratech gained 1.46 per cent to close at Rs 237 after securing a Rs 39.6 million contract from GAIL Gas, a government-owned PSU. The order involves laying underground MDPE pipelines and related works as part of the City Gas Distribution (CGD) project in Bengaluru, Karnataka.

The contract is set to be executed over 12 months from commencement, under the terms specified in the letter of award (LOA) issued by GAIL Gas following a domestic competitive tendering process. The company confirmed that there is no involvement of promoters, promoter group, or group companies of GAIL Gas, and the contract is not a related party transaction.

The project aligns with the central government’s push to expand natural gas infrastructure across urban India, promoting cleaner and more sustainable energy through extensive pipeline networks.

Desco Infratech specialises in engineering, planning, and construction across city gas distribution, renewable energy, water, and power sectors. For FY25, the company reported a 172.9 per cent rise in net profit to Rs 9.06 million on a 102.3 per cent increase in revenue to Rs 59.45 million compared with FY24.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..