Shares of Dilip Buildcon Ltd ended flat after touching a day’s high of Rs 551.95 on 25th September. This was despite the company announcing that, in consortium with Ramky Infrastructure, it has received a Letter of Acceptance (LoA) for a Rs 2,905 crore order under the Rajasthan Water Grid Project.

The project, awarded by Rajasthan Water Grid Corporation Ltd (formerly Eastern Rajasthan Canal Project Corporation), involves building a feeder from Isarda to Khura Chainpura to Bandh Baretha Bharatpur. It includes all components, with operation and maintenance for a period of 20 years. The contract is expected to be completed within 27 months under the hybrid annuity model.

In a separate update, the Dilip Buildcon-PSP JV won a Rs 1,115 crore contract for infrastructure works at Pudussery Central and Kannambra under the Palakkad Node of the Chennai-Bengaluru Industrial Corridor extension to Kochi. This EPC-based project is expected to be completed within 42 months.

These twin orders further boost DBL’s order book and reinforce its position in large-scale water management and industrial corridor projects.

At 3:30 PM, the shares of Dilip Buildcon ended 0.64% lower at Rs 531 on NSE.

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