Intimation regarding Receipt of Notification of award from ONGC amounting to Rs. 166.69 million
ORDERS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 15 May 2026, 10:41 AM IST · BSE ID: 56452f47-e44b-435a-92ca-c50825910d93
View Original BSE Filing (PDF)
💡
In Simple Terms
The company won a contract from ONGC worth Rs. 166.69 million to replace crude oil pipelines.
🤖 AI Summary
- Desco Infratech received Notification of Award from ONGC for Rs. 166,690,694.00/-.
- Project involves replacement of 24” crude oil transfer pipelines at Uran Plant, Maharashtra.
- This domestic order confirms previous L1 bidder intimation dated May 13, 2026.
- ONGC is Oil and Natural Gas Corporation Limited, the awarding entity.
- Promoter/promoter group has no interest in ONGC; not a related party transaction.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Order Value (Inclusive of GST)
Rs. 166,690,694.00/-
🏢 How This Affects the Company
This order from ONGC adds Rs. 166,690,694.00/- to Desco Infratech's project pipeline, reinforcing its position in oil and gas infrastructure projects.
The contract value of Rs. 166,690,694.00/- will contribute to the company's future revenue over the execution period, with specific revenue recognition subject to contract terms.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required.
👤
Who Is Affected
All shareholders are affected as this order adds to the company's business pipeline, with a consideration of Rs. 166,690,694.00/-.
🔍
Management Signal
Management is actively securing large domestic infrastructure projects, as evidenced by the ONGC order.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Company's next quarterly financial results for revenue recognition.
Further filings related to project execution milestones or updates.
New order wins or bidding activity in the infrastructure sector.
LOW RISK
The filing reports a confirmed order, indicating business development.
💡 Investor Takeaway
Desco Infratech received the Notification of Award from ONGC for a domestic project worth Rs. 166,690,694.00/-. This confirms the company's L1 bidder status for replacing 24” crude oil transfer pipelines at Uran Plant, Maharashtra, adding a substantial contract to its order book.
⚖️ Strengths & Concerns
✅ Positives
- Securing the Notification of Award from ONGC for Rs. 166,690,694.00/- confirms the company's successful bidding as L1.
- The domestic order for critical crude oil pipeline replacement indicates continued business with a public sector undertaking client.
📅 Company Track Record
Desco Infratech has a recent history of securing infrastructure projects. On May 13, 2026, the company intimated its emergence as L1 Bidder for this ONGC project. Prior to that, on May 8, 2026, it received a purchase order for Rs. 1.92 Cr from KP Energy Limited.
Based on publicly available historical data. For context only.