Hot Pursuit     18-Aug-22
Dilip Buildcon advances on bagging order worth Rs 1400 crore
Dilip Buildcon gained 1.43% to Rs 247.50 after the company said that its joint venture Dilip Buildcon-Skyway Infraprojects (DBL-SIPL) has executed an EPC agreement with the Madhya Pradesh Jal Nigam Maryadit, Bhopal (M. P.).

The project comprises engineering, procurement, construction, testing, commissioning, trial run and operation & maintenance of various components of Gandhisagar-2 multi-village scheme, Districts Mandsaur and Neemuch in a single package on 'turn-key job basis' including trial run and operation & maintenance of the entire water supply scheme for 10 Years in the state of Madhya Pradesh.

The project cost is Rs 1,400.04 crore. The completion period is 28 months.

Dilip Buildcon is one of the leading full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage, dams, irrigation, industrial, commercial and residential buildings with a presence in over 19 states & 1 union territory.

The company's standalone net profit tumbled 26.7% to Rs 19.80 crore in Q1 FY23 from Rs 27.02 crore posted in Q1 FY22. Revenue from operations jumped 22.1% to Rs 2,621.52 crore in the first quarter as against Rs 2,146.26 crore recorded in the same period last year.

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