Dilip Buildcon Secures ₹268 Crore Gujarat EPC Project; Shares Slip 0.45%

Mumbai, May 22: Dilip Buildcon said it has received a letter of award worth ₹268 crore for a river infrastructure project in Gujarat through its joint venture entity DBL-RBL (JV).

The company disclosed in an exchange filing that the contract has been awarded by the Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat.

According to the filing, the project involves designing and construction of a Ged barrage, protection works and associated infrastructure across the Sabarmati River between Hirpura barrage and Lakroda weir in Gujarat’s Sabarkantha district.

The contract has been awarded on an Engineering, Procurement and Construction (EPC) basis and carries a completion timeline of 24 months.

As per the project details shared by the company, the scope also includes operation and maintenance responsibilities for a period of 10 years after construction.

Dilip Buildcon clarified that the contract has been awarded by a domestic entity and does not fall under related-party transactions. The promoter group has no interest in the awarding authority.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Stock Market Snapshot

Dilip Buildcon share price closed at ₹430.90 on the NSE on May 22, 2026, down 0.45% from the previous close of ₹432.85.

The stock traded between ₹426.80 and ₹434.25 during the session, reflecting volatile movement despite the fresh project win announcement.

Investors continued to monitor order inflows and execution visibility in the company’s infrastructure portfolio, particularly within water resource and EPC segments.

Company Background

Dilip Buildcon Ltd operates across roads, highways, irrigation, mining, metro, urban infrastructure and water resource projects.

Over the years, the company has diversified beyond road construction into large-scale EPC and infrastructure execution projects across multiple sectors.

Its order book includes government-backed contracts spanning transportation, water management and civil infrastructure development.

Conclusion

The ₹268 crore Gujarat project adds to Dilip Buildcon’s EPC order pipeline and strengthens its presence in the water infrastructure segment.

Although the stock ended marginally lower, the contract provides additional execution visibility over the next two years and expands the company’s portfolio in river and irrigation-linked infrastructure projects.

Source:

• https://www.nseindia.com/get-quote/equity/DBL/Dilip-Buildcon-Limited
• https://nsearchives.nseindia.com/corporate/DBL_22052026150453_FinalIntimationNWRWSKD.pdf