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Desco Infratech Bags New Order Worth INR167 Million for Pipe Replacement

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Desco Infratech (BOM:544387) secured an order worth 166.7 million Indian rupees from state-owned explorer Oil and Natural Gas Corporation (NSE:ONGC, BOM:500312), according to a BSE filing to the BSE.

The contract is for the replacement of 24-inch crude oil transfer pipelines from ONGC Trombay terminal to the refineries of Bharat Petroleum Corporation (NSE:BPCL, BOM:500547) and Hindustan Petroleum Corporation (NSE:BPCL, BOM:500547) refineries in the Uran plant in Maharashtra, India.

The company's shares were up over 1% in recent trade.

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