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The tender, floated by the Narmada Water Resources, Water Supply & Kalpasar Department, is valued at Rs 702 crore.
The project involves the construction of a flood protection embankment on the Narmada River in the Bharuch District. Executed on an engineering, procurement, and construction (EPC) basis, the project is scheduled for completion within a 24-month timeframe.
Dilip Buildcon is presently in the business of development of infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company.
The company's consolidated net profit surged to Rs 829.85 crore in the quarter ended December 2025 as against Rs 115.27 crore during the previous quarter ended December 2024. Sales declined 17.45% to Rs 2,137.90 crore in Q3 FY26 as compared with Q3 FY25.
Dilip Buildcon has been selected as the successful for securing “Authorization to Lay, Built, Operate, or Expand Petroleum or Petroleum Product (Air Turbine Fuel / ATF) Pipeline from Navgam. Gujarat to Sardar Vallabhbhai Patel International Airport, Gujarat”. The Project Authority to grant license is Petroleum and Natural Gas Regulatory Board (PNGRB).
The Project entails the grant of an exclusive license by PNGRB to act as the authorized entity for the development of “pipeline” infrastructure for the transportation of ATF, including financing, construction, and operation of the same, and to levy and collect tariff for the transportation of ATF up to the designated delivery point for a period of 25 years.
The Project shall be implemented through a Special Purpose Vehicle (SPV), in which Dilip Buildcon (DBL) shall hold 100% equity. The Engineering, Procurement and Construction (EPC) works are proposed to be awarded to DBL, representing a business opportunity valued at approximately Rs 124 crore (excluding GST), to be executed over a period of 24 months.
The project involves setting up a Petroleum or Petroleum Product (Air Turbine Fuel/ATF) pipeline from Navgam, Gujarat to Sardar Vallabhbhai Patel International Airport, Gujarat.
The contract, awarded by a domestic entity, is valued at Rs 124 crore (excluding GST) and will be executed over a period of 25 years.
The company clarified that neither the promoter nor the promoter group has any interest in the awarding entity and the contract does not fall under related party transactions.
The company’s consolidated net profit declined 22.8% to Rs 181.49 crore in Q2 FY26, compared with Rs 235.24 crore in Q2 FY25. However, revenue from operations fell 22.9% year on year (YoY) to Rs 1925.89 crore in Q2 FY26.
Shares of Dilip Buildcon tanked 3.82% to Rs 435.65 on the BSE.
Dilip Buildcon has been selected as the successful bidder by REC Power Development and Consultancy (RECPDCL) for “Establishing 400 kV Sub-station at Mekhali along with associated transmission lines (Belagavi District), Karnataka” for a period of 35 years from Commercial Operation Date (COD).
The project involves establishment of a 400/220/33 kV AIS sub-station at Mekhali along with associated 400 kV and 220 kV transmission lines, to be executed on Build, Own, Operate and Transfer (BOOT) basis under Tariff Based Competitive Bidding (TBCB) route.
Valued at Rs 3,400 crore, the contract was awarded by Adani Road Transport (ARTL). The employer of the project is Bihar State Road Development Corporation.
The project involves the engineering, procurement, and construction (EPC) of the Ganga Path, which will connect the Sultanganj-Bhagalpur-Sabour Road. Executed on a back-to-back basis, the scope of work covers everything from the initial design and engineering to the final testing and commissioning of the roadway.
The project spans a total construction length of 41.090 kilometers. The project is scheduled for completition within a 42-month timeframe.
In a separate regulatory filing, Dilip Buildcon announced that it has been selected as the successful bidder for a major power transmission project in Karnataka. Valued at Rs 1,850 crore, the contract was awarded by REC Power Development and Consultancy (RECPDCL).
The project involves establishing a 400/220/33 kV sub-station at Mekhali in the Belagavi District, along with the construction of associated 400 kV and 220 kV transmission lines.
Dilip Buildcon will execute this project on a build, own, operate, and transfer (BOOT) basis.
Under the terms of the agreement, the company will acquire 100% equity in a special purpose vehicle (SPV) to serve as the transmission service provider for a period of 35 years following the commercial operation date.
The project was secured through a tariff-based competitive bidding (TBCB) process and will operate under a transmission service agreement (TSA). The construction and commissioning are expected to be completed within 24 months.