Stories
Dilip Buildcon Bags ₹1,840 Crore Projects, Stock Dips 2%
- •Dilip Buildcon secured two Maharashtra projects worth ₹1,839.70 crore (excluding GST), yet its stock fell over 2%.
- •One project involves a ₹688.23 crore four-lane elevated corridor on NH-65 in Solapur City, to be completed in 24 months under Hybrid Annuity Mode.
- •The second project is a 400 KV AIS Yavatmal transmission system with an EPC value of ₹1,151.47 crore, developed on a BOOT basis with a 35-year tenure.
- •These wins follow another ₹1,265 crore Maharashtra transmission project last week, boosting the company's recent order book.
- •Dilip Buildcon is also divesting its stake in 10 solar SPVs worth ₹6,263 crore to Alpha Alternatives to recycle capital and strengthen its balance sheet.
Key Questions Answered
Dilip Buildcon secured two projects in Maharashtra with a combined EPC value of ₹1,839.70 crore, excluding GST. These include a four-lane elevated corridor on NH-65 in Solapur City worth ₹688.23 crore under the Hybrid Annuity Mode and a 400 KV AIS Yavatmal transmission system worth ₹1,151.47 crore on a BOOT basis.
The 9.66-km four-lane elevated corridor project from Old Pune Naka to Boramani Naka on NH-65 in Solapur City is scheduled to be completed within 24 months. Following construction, it has an operation period of 15 years starting from the commercial operation date.
Shares of Dilip Buildcon fell more than 2% on Monday, September 28, trading 1.9% lower at ₹404.75 despite the announcement of the two major project wins. The company's stock has faced downward pressure, declining 15% overall for the year.
