Mumbai, June 29 -- The order involves MDPE pipeline laying and last-mile connectivity (LMC) activities, including domestic, commercial and industrial gas connections in Faridabad.

The contract has been awarded by a domestic entity and will be executed as per the terms of the agreement.

Desco Infratech said neither its promoters nor promoter group companies have any interest in the awarding entity, and the order does not fall under related-party transactions.

Desco Infratech is an infrastructure company focused on engineering, planning, & construction, particularly in city gas distribution, renewable energy, water, and power sectors. The company's consolidated net profit rose 75.34% to Rs 10.17 crore while revenue from operations surged...