Synopsis:
The companythrough its JV has received a letter of acceptance to develop a grid-connected solar power project, from Madhya Pradesh Jal Nigam.
The shares of a small-cap company engaged in building infrastructure projects on an EPC basis gained attention after receiving a letter of acceptance to develop a 100 MW grid-connected solar power project.
With a market capitalization of Rs.8,516.17 Crores, the shares of Dilip Buildcon Limited were trading at Rs.524, up by 1.86 percent from its previous day closing price of Rs.514.45.
Contract
Dilip Buildcon Limited, through its joint venture with APMPL, has received a contract for the development of a 100 MW Grid-Connected Ground-Mounted solar power plant in Mandsaur, Madhya Pradesh. The plant will operate in captive mode, meaning all the electricity will be supplied only to Madhya Pradesh Jal Nigam.
The agreement is for 25 years at a fixed rate of Rs.2.09 per unit. MPJNM will provide 315 acres of land and invest around Rs.31.20 crore, and take of 26 percent of the project company. The construction is expected to be completed in 24 months.
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About the company
Dilip Buildcon Limited is a major infrastructure company that handles construction across various sectors, including roads and bridges, mining, water and sewage systems, dams, irrigation, and industrial, commercial, and residential buildings. The company operates in more than 17 states across India.
As of June 30, 2025, Dilip Buildcon Limited’s total order book stood at Rs.13,695 crores. With most projects in Mining 29 percent, followed by Irrigation 22 percent, and roads & highways 18 percent. Other sectors include tunnel construction 13 percent, and optical fibre 7 percent, while the rest are in water supply, urban development, special bridges, and metro projects.
The company’s revenue went down from Rs.3,134 crore in Q1FY25 to Rs.2,620 crore in Q1FY26. Net profit went up from Rs.140 crore in Q1FY25 to Rs.271 crore in Q1FY26. Its return on equity is 9 percent, and return on capital employed is 14 percent. It has a P/E ratio of 18.69, with the industry average of 21.70.
Written by Jhanavi Sivakumar
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