Desco Infratech touches the roof on emerging as L1 Bidder for ONGC project
Desco Infratech is currently trading at its upper circuit limit of Rs. 236.30, up by 11.25 points or 5.00% from its previous closing of Rs. 225.05 on the BSE.
The scrip opened at Rs. 221.00 and has touched a high and low of Rs. 236.30 and Rs. 213.80 respectively. So far 56500 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 293.65 on 28-Oct-2025 and a 52 week low of Rs. 122.00 on 20-Mar-2026.
Last one week high and low of the scrip stood at Rs. 268.95 and Rs. 213.80 respectively. The current market cap of the company is Rs. 181.38 crore.
The promoters holding in the company stood at 58.31%, while Institutions and Non-Institutions held 2.20% and 39.49% respectively.
Desco Infratech has emerged as the L1 (Lowest Bidder) for the project floated by Oil and Natural Gas Corporation (ONGC). The scope of the project involves replacement and strengthening of critical crude oil transfer pipeline infrastructure connecting the ONGC Trombay Terminal with refinery facilities of BPCL and HPCL at Uran Plant. The project is strategically important for ensuring safe, efficient, and uninterrupted transportation of crude oil within the country’s energy infrastructure network.
This achievement further strengthens the company’s order pipeline and reinforces its positioning in the oil & gas infrastructure segment. The company continues to focus on strategic opportunities in pipeline construction, gasification systems, industrial engineering, and energy infrastructure projects across India.
