The shares of the infrastructure solutions provider gained up to 6.5 percent after the company declared as an L-1 bidder for the tender floated by the Haryana Rail Infrastructure Development Corporation Limited worth Rs 1,092.46 crore
With a market capitalization of Rs 6,989.08 crore, the shares of Dilip Buildcon Ltd were trading at Rs 478.00 crore, increasing around 1.78 percent as compared to the previous closing of Rs 469.65 apiece.
According to the company filing, Dilip Buildcon Ltd has been declared an L-1 bidder for the contract for the new BG Double Railway Line of HORC project between stations Prithla and Dhulawat for design, supply, installation, testing, and commissioning of general electrical services for a total length of 21.14 km on the EPC mode.
Additionally, The contract was given by Haryana Rail Infrastructure Development Corporation Limited and is worth Rs 1,092 crore. The project must be completed within 36 months.
Looking into Dilip Duildcon Ltd’s financials, the revenue increased by 23 percent, from Rs 2,322 crore in Q3 FY23 to Rs 2,877 crore in Q3 FY24. During the same period, net profit increased by 3 percent, from Rs 110 crore to Rs 113 crore.
The stock has delivered a return of 54.54 percent in the last six months and a multi-bagger return of 158.80 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.58 Lakh in a year.
The business executed four HAM projects of Rs 24,954 million and one EPC project worth Rs 5,700 million throughout Gujarat, Karnataka, Telangana, and Chhattisgarh. The business has secured four projects for Rs 26,413 million in Madhya Pradesh, Rajasthan, and Goa, spanning irrigation, water supply, and urban development.
In December FY24, Alpha Alternatives (AA) and Dilip Buildcon Limited (DBL) formed a strategic partnership to develop, finance, and sell road projects using the InvIT platform. AA would invest up to Rs 20,000 million over the next 12 to 18 months.
Dilip Buildcon Limited specializes in EPC projects for infrastructure development. The firm takes contracts from the government, commercial parties, and special-purpose vehicles it supports.
Written by:- Abhishek Singh
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