Synopsis:
Dilip Buildcon secured a Rs. 2,952 crore order via DBL-RAMKY Consortium for Rajasthan Water Grid’s feeder project under HAM, including 27-month construction and 20-year O&M responsibilities.
During Monday’s early trading session, shares of a company presently in the business of development of infrastructure facilities on an EPC basis surged nearly 3.2 percent on BSE, after securing order worth more than Rs. 2,900 crores.
At 12:03 p.m., the shares of Dilip Buildcon Limited were trading in the green at Rs. 486.3 on BSE, up by around 2 percent, as against its previous closing price of Rs. 477.1, with a market cap of Rs. 7,110.4 crores. The stock has delivered negative returns of over 5 percent in the last one year, but has gained by around 18 percent in the last six months.
What’s the News
According to the latest regulatory filings, Dilip Buildcon Limited has secured a major order on 18th August, with a value exceeding Rs. 2,900 crores. The order worth Rs. 2,952 crores has been awarded to the DBL-RAMKY Consortium, which emerged as the lowest (L1) bidder for a tender floated by the Rajasthan Water Grid Corporation Limited (formerly known as Eastern Rajasthan Canal Project Corporation Limited).
The project, to be executed under the Hybrid Annuity Model (HAM), involves the construction of a feeder system from Isarda to Khura Chainpura to Bandh Baretha Bharatpur, along with all associated components. The contract also includes operations and maintenance (O&M) for 20 years, while the construction is scheduled to be completed within 27 months.
Additionally, the company, through its joint venture with Ranjit Buildcon Limited (DBL-RBL JV), has received a Letter of Acceptance (LoA) worth Rs. 1,503.63 crore for a Gurugram Metro Rail Limited (GMRL) project in Haryana. The JV was declared the lowest (L1) bidder for the tender, which was awarded on 2nd August.
The scope of work includes the construction of a viaduct and 14 elevated stations from Millennium City Centre to Sector 9 (inclusive), the spur line to Dwarka Expressway (1.85 km), a ramp to the depot at Sector 33, and an underpass at Bhaktawar Chowk. The order excludes pre-engineered building (PEB) and architectural finishing works. The project is targeted for completion within 30 months.
Financials & more
Dilip Buildcon reported a decline in its revenue from operations, showing a year-on-year decrease of around 16 percent from Rs. 3,134 crores in Q1 FY25 to Rs. 2,620 crores in Q1 FY26. In contrast, it reported a significant rise in net profit over the same period to Rs. 271 crores from Rs. 140 crores, marking a growth of around 94 percent YoY.
As of June 2025, the company’s order book stood at Rs. 13,695 crores. Breaking it down by business segments, the Mining division accounted for Rs. 3,953 crore (28.86 percent), the Irrigation segment contributed Rs. 2,989 crore (21.83 percent), the Roads & Highways segment added Rs. 2,439 crore (17.81 percent), while the Water Supply segment stood at Rs. 584 crore (4.26 percent).
Dilip Buildcon Limited is involved in the business of development of infrastructure facilities on an Engineering, Procurement and Construction basis (EPC) basis and undertakes contracts from various Government and other parties and special purpose vehicles promoted by the company.
Written by Shivani Singh
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