Dilip Buildcon shines on order win

Infrastructure developer, Dilip Buildcon, informed the bourses today that the company has been awarded orders worth Rs. 1,362 crores from Uttar Pradesh Expressways Industrial Development Authority. The company has secured this order under the EPC contract, which includes the development of the Bundelkhand Expressway Project from Bakhariya to Kudrail in Uttar Pradesh.

The said project is for the development of about the length of 45.3 Km expressway and is expected to get completed in 36 months.

Earlier, the company received a provisional completion certificate for four Laning of Wardha-Butibori sections of NH.361 well before 190 days of the deadline. This shows the company’s ability of timely execution of projects.

As on September 30, 2019, the company’s order book stood strong at Rs. 20,292.6 crores, which translates into a book-to-bill of 2.2x, giving a revenue visibility for the next two years. Of this order book, the road segment contribute nearly ~63 per cent, followed by mining and irrigation, which accounts 21.4 per cent and ~7 per cent, respectively.

With this positive development, the stock of Dilip Buildcon surge nearly 6 per cent on the bourses to touch an intra-day high of Rs. 420 apiece.