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Desco Infratech Emerges Lowest Bidder for Gujarat Gas Pipeline Tender; Shares Down 3%

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Desco Infratech (BOM:544387) has emerged as the lowest bidder for the tender floated by Gujarat Gas (NSE:GUJGASLTD, BOM:539336) for laying pipes and setting up the up piped natural gas (PNG) connection at Surat and Hazira in Gujarat, India, according to a Tuesday filing to the BSE.

The scope of the project includes polyethylene (PE) pipeline laying activities, development of PNG commercial and industrial connections, associated commissioning activities, testing, installation, and execution of related infrastructure works.

The company's shares were down nearly 3% in recent trade.

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