Dilip Buildcon share price edged higher in early trade on Monday after the infrastructure major bagged a new highway project from the National Highways Authority of India (NHAI). The contract, valued at ₹879.30 crore, adds to the company’s growing list of national road development projects.
Market Performance
The stock opened on a positive note, rising around 1% on the NSE after the announcement. This uptick follows renewed investor confidence in the company’s steady project wins and diversified execution pipeline.
In the previous trading session, Dilip Buildcon shares closed at ₹477.90, down 1.36%. The stock has oscillated between a 52-week high of ₹587.90 and a 52-week low of ₹363.45, reflecting its volatility within the broader infrastructure sector.
As of now, the stock trades nearly 17.5% below its yearly high, but still over 33% above its low, highlighting its steady recovery over recent months. The company’s market capitalization currently stands at ₹7,091.43 crore.
Main News: NHAI Contract Win
In a regulatory filing, Dilip Buildcon announced that it has been declared the L-1 bidder (lowest bidder) for a major NHAI project in Tamil Nadu.
The contract involves:
- Project Type: Four-laning of the Paramakudi to Ramanathapuram section of NH-49 (New NH-87)
- Stretch: From Km 80.360 to Km 127.025
- Mode: Hybrid Annuity Basis (HAM)
- Contract Value: ₹879.30 crore
- Completion Period: 24 months
- Operation & Maintenance Period: 15 years from the date of commissioning
This project further strengthens the company’s presence in southern India’s highway development network, underscoring its strong execution capabilities under the HAM model.
Company Details
Dilip Buildcon, one of India’s leading infrastructure development firms, has consistently expanded its portfolio across roads, bridges, and energy projects. Earlier this month, the company also received a Letter of Acceptance (LoA) for developing a 100 MW grid-connected solar power project under the Captive Mode for Madhya Pradesh Jal Nigam.
The solar project will:
- Supply power at ₹2.09 per unit
- Use non-DCR panels
- Operate under a 25-year agreement from the date of commissioning
This diversification into renewable energy aligns with the company’s long-term strategy of reducing dependency on conventional road projects and participating in India’s clean energy transition.
Summary
Dilip Buildcon’s latest ₹879 crore NHAI order reinforces its leadership in the infrastructure segment. The steady flow of new contracts, coupled with diversification into solar power, highlights its operational strength and commitment to India’s infrastructure growth story.
With multiple large-scale projects under execution and a growing focus on sustainable development, Dilip Buildcon continues to play a pivotal role in shaping India’s road and energy future.
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