Desco Infratech Secures Rs 67.4 mn Order From Adani Total Gas
ECONOMY & POLICY

Desco Infratech Secures Rs 67.4 mn Order From Adani Total Gas

Desco Infratech gained after the firm said it had secured a purchase order worth Rs 67.4 mn from Adani Total Gas (ATGL) for MDPE pipeline laying and last?mile connectivity activities in Faridabad. The order covers domestic, commercial and industrial gas connections and was awarded by a domestic entity that will execute the contract under agreed terms. The company clarified that neither its promoters nor promoter group companies have any interest in the awarding entity and the order does not constitute a related?party transaction.

Desco Infratech is an infrastructure firm focused on engineering, planning and construction in city gas distribution, renewable energy, water and power sectors. Its consolidated net profit rose 75.34 per cent to Rs 101.7 mn in the fourth quarter of fiscal 2026 over the same period a year earlier, while revenue from operations climbed 108.01 per cent to Rs 765.7 mn. The firm expects the contract to contribute to its city gas distribution order book and execution timelines as per the agreement.

Adani Total Gas operates in 34 geographical areas in India and has a 50:50 joint venture with Indian Oil Corporation, Indian Oil?Adani Gas, which operates a further 19 geographical areas. The group has diversified activities including subsidiaries focused on e?mobility and biomass and a joint venture for gas meter manufacturing. Adani Total Gas reported a standalone net profit rise of four point three per cent to Rs 1.56 bn on a 15.9 per cent increase in revenue from operations to Rs 15.49 bn in Q4 FY26.

On the stock exchanges the scrip of Desco Infratech rose four point two seven per cent to Rs 224.75 while the Adani Total Gas scrip eased zero point four nine per cent to Rs 715.80 on the BSE. Analysts noted that orders for last?mile connectivity and MDPE pipeline works remain important for the expansion of city gas distribution networks and can support near?term revenue visibility for smaller contractors. Execution will proceed under the contractual terms and the firms will report on progress in due course.

Desco Infratech gained after the firm said it had secured a purchase order worth Rs 67.4 mn from Adani Total Gas (ATGL) for MDPE pipeline laying and last?mile connectivity activities in Faridabad. The order covers domestic, commercial and industrial gas connections and was awarded by a domestic entity that will execute the contract under agreed terms. The company clarified that neither its promoters nor promoter group companies have any interest in the awarding entity and the order does not constitute a related?party transaction. Desco Infratech is an infrastructure firm focused on engineering, planning and construction in city gas distribution, renewable energy, water and power sectors. Its consolidated net profit rose 75.34 per cent to Rs 101.7 mn in the fourth quarter of fiscal 2026 over the same period a year earlier, while revenue from operations climbed 108.01 per cent to Rs 765.7 mn. The firm expects the contract to contribute to its city gas distribution order book and execution timelines as per the agreement. Adani Total Gas operates in 34 geographical areas in India and has a 50:50 joint venture with Indian Oil Corporation, Indian Oil?Adani Gas, which operates a further 19 geographical areas. The group has diversified activities including subsidiaries focused on e?mobility and biomass and a joint venture for gas meter manufacturing. Adani Total Gas reported a standalone net profit rise of four point three per cent to Rs 1.56 bn on a 15.9 per cent increase in revenue from operations to Rs 15.49 bn in Q4 FY26. On the stock exchanges the scrip of Desco Infratech rose four point two seven per cent to Rs 224.75 while the Adani Total Gas scrip eased zero point four nine per cent to Rs 715.80 on the BSE. Analysts noted that orders for last?mile connectivity and MDPE pipeline works remain important for the expansion of city gas distribution networks and can support near?term revenue visibility for smaller contractors. Execution will proceed under the contractual terms and the firms will report on progress in due course.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement