Dilip Buildcon Wins Rs 698 Crore Gujarat Infrastructure Order; Stock up 3%

Dilip Buildcon share prices rose up to 3.04 per cent higher at Rs 397.30 as of 12.10 PM, on March 30, 2026, after opening at Rs 389.05 and touching an Intraday high of Rs 397. The stock's positive movement came on the back of the company announcing a Rs 698.49 crore EPC order from the Government of Gujarat.

Dilip Buildcon Limited (DBL) has received a Letter of Acceptance (LOA) from the Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat, for the Construction of a Flood Protection EmBankment on River Narmada, District Bharuch, on an Engineering, Procurement and Construction (EPC) basis. The project is valued at Rs 698.49 crore (excluding GST) and carries a completion timeline of 24 months. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an earlier announcement dated February 17, 2026.

The contract is purely domestic in nature, awarded by a government authority with no related party involvement and no promoter interest in the awarding entity, ensuring full transparency and an arm's length transaction. The flood protection embankment will serve as a critical barrier along the Narmada River to prevent flooding in the Bharuch district, safeguarding nearby villages, agricultural land, and infrastructure, particularly during the monsoon season when the river is prone to overflow.

Under the EPC model, Dilip Buildcon will be responsible for the entire project lifecycle, from engineering and design to procurement of materials and final construction, making it a turnkey assignment. Notably, the order value of Rs 698.49 crore represents approximately 10.9 per cent of the company's current market capitalisation of Rs 6,432 crore, underscoring the significance of this win for the company's Order Book.

About the Company
Dilip Buildcon Limited, incorporated in 2006, is one of India's leading infrastructure development companies. The company primarily operates on the Engineering, Procurement and Construction (EPC) model, undertaking large-scale contracts from various government bodies, public authorities, and special purpose vehicles (SPVs) promoted by the company itself. DBL has a strong presence across multiple infrastructure verticals, including roads and highways, bridges, tunnels, irrigation, water supply, and urban infrastructure projects. The company has built a reputation for executing complex civil engineering projects across India and is listed on both the BSE and NSE.

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