Hot Pursuit     16-Feb-24
Dilip Buildcon gains as JV bags Rs 413-cr project
Dilip Buildcon added 2.34% to Rs 461.40 after the firm through its joint venture (JV), VKMCPL-DBL has emerged as the lowest bidder (L-1) for construction project in Madhya Pradesh worth Rs 412.92 crore.
The company’s JV with Vijay Kumar Mishra Construction named VKMCPL-DBL won the tender floated by the Water Resources Department of Madhya Pradesh.

The scope of order entails construction of Machhrewa Irrigation Project Dam and pressurized pipe irrigation network on turn key basis.

The cost of the project is Rs 412.92 crore is to be completed in 60 months.

Dilip Buildcon is presently in the business of development of infrastructure facilities on Engineering Procurement and Construction basis (EPC) and undertakes contract from various Government and other parties and special purpose vehicles promoted by the Company.

The company’s JV with Vijay Kumar Mishra Construction named VKMCPL-DBL won the tender floated by the Water Resources Department of Madhya Pradesh.

The scope of order entails construction of Machhrewa Irrigation Project Dam and pressurized pipe irrigation network on turn key basis.

The cost of the project is Rs 412.92 crore is to be completed in 60 months.

Dilip Buildcon is presently in the business of development of infrastructure facilities on Engineering Procurement and Construction basis (EPC) and undertakes contract from various Government and other parties and special purpose vehicles promoted by the Company.

Dilip Buildcon reported 3.28% decrease in consolidated net profit to Rs 107.38 crore in Q3 FY24 as compared with Rs 111.03 crore in Q3 FY23. Revenue from operations increased 23.9% YoY to Rs 2,876.84 crore in Q3 FY24.

Previous News
  Dilip Buildcon schedules board meeting
 ( Corporate News - 02-Feb-24   15:42 )
  Dilip Buildcon completes road project in Karnataka
 ( Corporate News - 14-Mar-23   14:21 )
  Dilip Buildcon reports consolidated net loss of Rs 55.51 crore in the March 2022 quarter
 ( Results - Announcements 31-May-22   08:15 )
  Dilip Buildcon JV bags irrigation project of Rs 412 cr
 ( Corporate News - 15-Feb-24   18:33 )
  Dilip Buildcon gets completion certificate for Maharashtra project
 ( Hot Pursuit - 14-Jul-23   12:09 )
  Dilip Buildcon edges higher after CRISIL revises outlook to 'positive’ from 'negative’
 ( Hot Pursuit - 22-Apr-24   12:21 )
  Dilip Buildcon's JV bags Rs 1947 cr project from Madhya Pradesh Jal Nigam Maryadit
 ( Corporate News - 20-Feb-23   10:37 )
  Dilip Buildcon receives provisional completion certificate for road project in Karnataka
 ( Corporate News - 03-Aug-23   11:31 )
  Dilip Buildcon bags LoA for road project in Jharkhand
 ( Hot Pursuit - 16-Dec-22   14:20 )
  Dilip Buildcon receives credit ratings from CRISIL
 ( Corporate News - 27-Apr-23   12:57 )
  Dilip Buildcon receives LoA for a NHAI road project in Jharkhand
 ( Corporate News - 16-Dec-22   15:42 )
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