Desco Infratech Secures Rs 67.4 mn Order From Adani Total Gas

06 Jul 2026 CW Team

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..