Dilip Buildcon Shares Gain 3% on LoA for Rs 698 Crore 

Shares of Dilip Buildcon Ltd gained 3% on 30 March after the company received a letter of acceptance (LOA) from the Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat.

The project consists of the construction of the flood protection embankment on the river Narmada, District Bharuch, on an EPC basis. The project costs Rs 698.49 crore and will be finished in 24 months.

Earlier this month, the Odisha Bridge & Construction Corporation (OBCCL) determined the company to be the lowest bidder for an EPC road project in Sundargarh district costing Rs 160.20 crore.

In addition, the company received a letter of intent (LOI) worth Rs 1,850 crore from REC Power Development and Consultancy (RECPDCL) to develop a 400 kV substation and associated transmission lines in Mekhali (Belagavi District), Karnataka. The concession duration for the project will be 35 years from the Commercial Operation Date (COD).

On 24 September, 2025, the stock reached a 52-week high of Rs 587.90 and a low of Rs 381.05 on 7 April, 2025.

At 3:30 pm, the shares of Dilip Buildcon closed 0.40% higher at Rs 387.70 on NSE.

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