Mumbai, July 6 -- Desco Infratech gained after the firm said it had secured a purchase order worth Rs 67.4 mn from Adani Total Gas (ATGL) for MDPE pipeline laying and last?mile connectivity activities in Faridabad. The order covers domestic, commercial and industrial gas connections and was awarded by a domestic entity that will execute the contract under agreed terms. The company clarified that neither its promoters nor promoter group companies have any interest in the awarding entity and the order does not constitute a related?party transaction.

Desco Infratech is an infrastructure firm focused on engineering, planning and construction in city gas distribution, renewable energy, water and power sectors. Its consolidated net profit rose 75.34 per cent to Rs 101.7 mn in the fourth quarter of fiscal 2026 over the same period a year earlier, while revenue from operations climbed 108.01 per cent to Rs 765.7 mn. The firm expects the contract to contribute to its city gas distribution order book and execution timelines as per the agreement.

Adani Total Gas operates in 34 geographical areas in India and has a 50:50 joint venture with Indian Oil Corporation, Indian Oil?Adani Gas, which operates a further 19 geographical areas. The group has diversified activities including subsidiaries focused on e?mobility and biomass and a joint venture for gas meter manufacturing. Adani Total Gas reported a standalone net profit rise of four point three per cent to Rs 1.56 bn on a 15.9 per cent increase in revenue from operations to Rs 15.49 bn in Q4 FY26.

On the stock exchanges the scrip of Desco Infratech rose four point two seven per cent to Rs 224.75 while the Adani Total Gas scrip eased zero point four nine per cent to Rs 715.80 on the BSE. Analysts noted that orders for last?mile connectivity and MDPE pipeline works remain important for the expansion of city gas distribution networks and can support near?term revenue visibility for smaller contractors. Execution will proceed under the contractual terms and the firms will report on progress in due course.

Published by HT Digital Content Services with permission from Construction World.