Shares of Dilip Buildcon Ltd rose 1% to hit a day’s high of Rs 538.20 on 7th October after the company announced that its joint venture, DBL-APMPL (DBL 74% and APMPL 26%), has received a Letter of Acceptance (LOA) to develop a 100 MW grid-connected, ground-mounted solar photovoltaic (PV) power project under the captive mode.

Dilip Buildcon’s joint venture project will supply 100 MW of solar power to Madhya Pradesh Jal Nigam (MPJNM) for a period of 25 years following commissioning. The domestic project, awarded by MPJNM, will be developed under a general contract.

It includes a 24-month construction period and a 25-year power supply term, with electricity priced at Rs 2.09 per unit using non-DCR panels. The solar plant will come up across Ramnagar and Dhanwada villages in Suwasra tehsil, Mandsaur district. MPJNM will provide approximately 315 acres of land. In accordance with captive mode norms, they will invest Rs 31.20 crore to hold a 26% stake.

Dilip Buildcon Q1 Results

In Q1 FY26, Dilip Buildcon reported a 93.6% year-over-year rise in consolidated net profit to Rs 271 crore. This was driven by stronger margins and an exceptional gain of Rs 169.3 crore. EBITDA grew 8.7% to Rs 520 crore, with margins improving to 19.8% from 15.2% a year ago.

However, revenue fell 16.4% year-over-year to Rs 2,620 crore due to slower EPC activity. As of 30th June, 2025, the company’s order book stood at Rs 13,695 crore. Mining contributed 28.9%, roads and highways contributed 17.8%, and the remainder came from irrigation, water supply, metro, tunnels, bridges, and other infrastructure segments.

At 10:58 AM, the shares of Dilip Buildcon were trading 0.91% higher at Rs 519.60 on NSE.

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