Shares of Dilip Buildcon Ltd ended flat after touching a day’s excessive of Rs 551.95 on twenty fifth September. This was regardless of the corporate saying that, in consortium with Ramky Infrastructure, it has acquired a Letter of Acceptance (LoA) for a Rs 2,905 crore order beneath the Rajasthan Water Grid Mission.
The mission, awarded by Rajasthan Water Grid Company Ltd (previously Jap Rajasthan Canal Mission Company), entails constructing a feeder from Isarda to Khura Chainpura to Bandh Baretha Bharatpur. It contains all elements, with operation and upkeep for a interval of 20 years. The contract is anticipated to be accomplished inside 27 months beneath the hybrid annuity mannequin.
In a separate replace, the Dilip Buildcon-PSP JV received a Rs 1,115 crore contract for infrastructure works at Pudussery Central and Kannambra beneath the Palakkad Node of the Chennai-Bengaluru Industrial Hall extension to Kochi. This EPC-based mission is anticipated to be accomplished inside 42 months.
These twin orders additional increase DBL’s order ebook and reinforce its place in large-scale water administration and industrial hall initiatives.
At 3:30 PM, the shares of Dilip Buildcon ended 0.64% decrease at Rs 531 on NSE.
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