Rs 15,000 crore order book: Construction company receives completion certification for project worth Rs 1,255 crore from Raipur-Visakhapatnam CG-2 Highways Ltd

DSIJ Intelligence-1 / 05 Jul 2025/ Categories: Mindshare, Trending

Rs 15,000 crore order book: Construction company receives completion certification for project worth Rs 1,255 crore from Raipur-Visakhapatnam CG-2 Highways Ltd

The stock is up by 38.42 per cent from its 52-week low of Rs 363.45 per share.

Dilip Buildcon Ltd has received a Provisional Completion Certificate for its Raipur-Visakhapatnam-CG-2 Highways project, valued at Rs 1,255 crore. The project, focusing on the development of the Six Lane Sargi – Basanwahi Section of NH‐130‐CD Road (km 42+800 to km 99+500) in Chhattisgarh under the Hybrid Annuity Mode (Package – CG‐2), was declared fit for commercial operation on April 8, 2025. This date matches the revised scheduled completion date, indicating timely execution for the 56.700 km stretch. The project will now enter an operation period of 15 years from the commercial operation date, with a first-year operation and maintenance cost of Rs 0.09 crore.

Earlier, the company received a Letter of Acceptance (LOA) from Konkan Railway Corporation Ltd for a significant domestic Engineering, Procurement & Construction (EPC) project. Valued at Rs 1,341 crore (including GST), the contract involves the "Construction of Twin Tube Unidirectional Tunnel (2-Lanes in each Traffic Direction) in the Kozhikode and Wayanad Districts of Kerala State, including a Four Lane approach Road for Direct Connectivity Between Anakkampoyil – Kalladi – Meppadi." This 8.275 km project, designated as Package-II, is to be executed within a timeframe of 48 months.

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Dilip Buildcon Limited is presently in the business of development of infrastructure facilities on an EPC basis and undertakes contracts from various Governments and other parties and special purpose vehicles promoted by the Company. The company has a market cap of over Rs 7,000 crore. 

On Friday, shares of Dilip Buildcon Ltd plunged 0.63 per cent to Rs 503.10 per share with the day’s high of Rs 510 and low of Rs 498.80. The stock’s 52-week high is Rs 588.40 per share and its 52-week low is Rs 363.45 per share.

As of March 31, 2025, the company's order book stood at Rs 15,000 crore, with orders from various business divisions, including roads & highways, metro, irrigation and water supply. The stock is up by 38.42 per cent from its 52-week low of Rs 363.45 per share.

Disclaimer: The article is for informational purposes only and not investment advice.