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Dilip Buildcon shares rise on LoA worth Rs 698.5 crore from Gujarat govt

30 Mar , 2026   By : Debdeep Gupta


Dilip Buildcon shares rise on LoA worth Rs 698.5 crore from Gujarat govt

Dilip Buildcon share price rose in the opening trade on March 30 following the company received letter of acceptance (LOA) from Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat.


At 09:18am, Dilip Buildcon was quoting at Rs 388.95, up Rs 1.55, or 0.40 percent, on the BSE.


The project consists construction of the flood protection embankment on river Narmada, District Bharuch on EPC (Engineering, Procurement and Construction) basis


The cost of the project is Rs 698.49 crore and to be completed in 24 months.


Earlier this month, the company was declared the lowest bidder by the Odisha Bridge & Construction Corporation (OBCCL) for construction of road project in the district of Sundargarh on EPC mode, worth Rs 160.20 crore.


Additionally, the company received letter of Intent (LOI) worth Rs 1,850 crore from REC Power Development and Consultancy (RECPDCL) for establishing 400 kV Sub-station at Mekhali along with associated transmission lines (Belagavi District), Karnataka. The concession period for the project shall be 35 years from the Commercial Operation Date (COD).


In the previous trading session, the share closed at Rs 387.40, down Rs 18.10, or 4.46 percent.


The share touched a 52-week high of Rs 587.90 and a 52-week low of Rs 381.05 on 24 September, 2025 and 07 April, 2025, respectively.


Currently, the stock is trading 34.1 percent below its 52-week high and 1.67 percent above its 52-week low.


The market capitalisation of the company stands at Rs 6,293.11 crore.


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