Dilip Buildcon Bags ₹702 Crore Narmada Embankment EPC Contract; Shares Rise 3%

Dilip Buildcon Limited shares were trading higher on February 18, 2026, following the company’s corrigendum to its earlier announcement on the Narmada flood protection embankment project, clarifying contract value and execution details. The company had previously been declared an L1 bidder for the Gujarat government project.

The clarification pertains to the Engineering, Procurement and Construction (EPC) contract awarded by the Narmada Water Resources, Water Supply & Kalpasar Department, Government of Gujarat.

₹702 Crore EPC Order Details Formalised

In its filing with the BSE Limited and the National Stock Exchange of India Ltd. dated February 17, 2026, the company specified that the project cost stands at ₹702.00 crore, excluding GST.

The contract relates to the “Construction of the Flood Protection Embankment on river Narmada, District Bharuch (Engineering, Procurement and Construction Basis-EPC)” and is to be executed over a period of 24 months.

The order has been categorised as a domestic General Contract (L1). The company also confirmed that promoter or promoter group entities have no interest in the awarding authority, and the transaction does not fall under related party norms.

The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

Share Price Snapshot as of 9:42 AM IST | February 18, 2026

Shares of Dilip Buildcon Limited (NSE: DBL; BSE: 540047) were trading at ₹449.70, up ₹14.75 or 3.39% compared to the previous close of ₹434.95, as of 9:42 AM IST on February 18, 2026.

The stock opened at ₹458.00 and touched a high of ₹461.65 and a low of ₹445.00. The company’s market capitalisation stood at approximately ₹7,300 crore.

At the current price, the stock trades at a price-to-earnings ratio of 4.95. The 52-week high and low levels are ₹585.00 and ₹376.00, respectively.

Company Background

Dilip Buildcon Limited operates in infrastructure construction, with projects spanning roads and highways, irrigation, water supply and urban development. The company executes contracts primarily under the EPC and hybrid annuity models for central and state government agencies.

Irrigation and flood control projects form part of the broader water infrastructure segment, which may provide diversification beyond its core road portfolio, subject to execution progress and milestone-linked payments.

The corrigendum formalises the ₹702.00 crore EPC contract details for the Narmada embankment project, aligning regulatory disclosures with exchange requirements. The stock was trading higher in early trade, with investors tracking order inflows and execution timelines.

Source: https://nsearchives.nseindia.com/corporate/DBL_17022026190851_IntimationNWRWS.pdf