Dilip Buildcon bags LoAs worth over ₹4,000 cr for Rajasthan, Kerala projects
Published on 25/09/2025 02:09 PM
Dilip Buildcon bags LoAs worth over ₹4,000 cr for Rajasthan, Kerala projectsDilip Buildcon has received LoAs worth over ₹4,000 crore for large projects in Rajasthan and Kerala, even as shares slipped after touching an intraday high on Thursday.By Sheersh Kapoor September 25, 2025, 2:09:33 PM IST (Published)1 Min Read
Dilip Buildcon Ltd (DBL), in consortium with Ramky Infrastructure, has received a Letter of Acceptance (LoA) for a ₹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 the construction of a feeder from Isarda to Khura Chainpura to Bandh Baretha Bharatpur, including all components, along with operation and maintenance for 20 years.
The contract is to be executed within 27 months under the hybrid annuity model
In a separate update, Dilip Buildcon-PSP JV also bagged a ₹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 project, on an EPC basis, will be executed in 42 months.
The twin order wins further strengthen DBL’s order book and reaffirm its positioning in large-scale infrastructure projects across water management and industrial corridor development.
Also Read: Dilip Buildcon Q1 Results: Profit nearly doubles on margin boost, one-off gain; revenue slips
Following the announcement, shares of Dilip Buildcon hit an intraday high of ₹551.95, but later slipped 1.4% to ₹527.05 on the NSE as of 1:50 pm.
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