Latest news with #DilipBuildcon
Business Standard
2 days ago
- Business
- Business Standard
Dilip Buildcon gains on bagging Rs 1,341-cr tunnel project from KRCL
Dilip Buildcon advanced 1.69% to Rs 496.30 after the company announced that it has received a letter of acceptance (LoI) worth Rs 1,341 crore from Konkan Railway Corporation (KRCL). The contract includes building a twin-tube unidirectional tunnel in the Kozhikode and Wayanad districts of Kerala on an engineering, procurement, and construction (EPC) basis. The project also involves developing a four-lane approach road. This road will connect Anakkampoyil, Kalladi, and Meppadi directly, with a total length of 8.275 km under Package-II. The project is valued at Rs 1,341 crore and is to be completed within 48 months. Dilip Buildcon is presently in the business of development of infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company. The companys consolidated net profit soared 3099.1% to Rs 170.83 crore despite a 0.8% decline in net sales to Rs 3,096.10 crore in Q4 FY25 over Q4 FY24.
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Business Standard
2 days ago
- Business
- Business Standard
Dilip Buildcon shares rise on ₹1,341 order win from Konkan Railway Corp
Shares of Dilip Buildcon rose over 3 per cent on Friday after it received orders worth ₹1,341 crore from Konkan Railway Corporation for the construction of a Twin Tube Unidirectional Tunnel in the Kozhikode and Wayanad Districts of Kerala. The civil construction firm's stock rose as much as 3.98 per cent during the day to ₹506.8 per share, the steepest intraday gain since June 9 this year. The stock pared some gains to trade 1.08 per cent higher at ₹492.7 apiece, compared to a 0.95 per cent advance in Nifty 50 as of 12:50 PM. Shares of the company snapped a four-day losing streak on Friday, and have declined 10 per cent from its recent high of ₹545 apiece, which it hit earlier this month. The counter has risen 9.5 per cent this year, compared to a 5.2 per cent advance in the benchmark Nifty 50. Dilip Buildcon has a total market capitalisation of ₹7,193.78 crore, according to BSE data. Track LIVE Stock Market Updates Here Dilip Buildcon receives ₹1,341 crore project The company secured a Letter of Acceptance (LoA) from Konkan Railway Corp. for an infrastructure project in Kerala, according to an exchange filing on Friday. The project involves the construction of a twin-tube unidirectional tunnel, with two lanes in each traffic direction, spanning the Kozhikode and Wayanad districts, the company said in the statement. The scope of the project also includes the development of a four-lane approach road to provide direct connectivity between Anakkampoyil, Kalladi, and Meppadi. The contract covers a total project length of 8.275 kilometres. Valued at ₹1,341 crore, the order has a completion timeline of 48 months. Dilip Buildcon Q4 results The company's profit for the fourth quarter of the financial year 2025 (Q4 FY25) grew multifold year-on-year (Y-o-Y) to ₹170.83 crore, supported by earnings from its coal and hybrid annuity model (HAM) portfolio. The company had reported a net profit of ₹5.34 crore in Q4 FY24. However, revenue from operations declined 13.2 per cent Y-o-Y to ₹3,096.1 crore. Total expenses during the quarter stood at ₹2,831.51 crore, down 16.2 per cent Y-o-Y. The company's earnings before interest, taxes, depreciation and amortisation (Ebitda), excluding other income, came in at ₹209 crore, down 40.8 per cent Y-o-Y. The Ebitda margin also fell to 9.03 per cent in Q4 FY25, compared to 12.02 per cent in Q4 FY24. About Dilip Buildcon The firm is presently in the business of development of infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company.
Business Upturn
12-06-2025
- Business
- Business Upturn
Top stocks to watch today, June 12: ONGC, Oil India, Zydus, Waaree Energies, RailTel, Paytm and more
Indian equity markets extended gains on Wednesday, June 11, tracking positive global cues and supported by continued foreign fund inflows. The benchmark BSE Sensex rose by 123.42 points or 0.15% to close at 82,515.14. The broader NSE Nifty advanced by 37.15 points or 0.15%, ending at 25,141.40. This marked the sixth consecutive session of gains for the Nifty. On Thursday, June 12, several stocks are expected to remain in focus following company-specific developments and announcements. Stocks to Watch on June 12: 1. ONGC, Oil India (OIL): Crude oil prices surged over 4% amid rising tensions in West Asia. Brent crude approached the $70 per barrel mark, potentially impacting oil exploration and marketing companies (OMCs) and downstream sectors like paints and aviation. 2. Zydus Lifesciences: The US FDA has cleared the company's Active Pharmaceutical Ingredient (API) manufacturing facility in Dabhasa, Gujarat. An Establishment Inspection Report (EIR) has been issued, which indicates successful completion of the inspection. 3. Sterlite Technologies (STL)/Dilip Buildcon: The joint venture of STL and Dilip Buildcon secured a contract from BSNL under the BharatNet project. The order, valued at ₹2,631 crore, covers network deployment in Jammu & Kashmir and Ladakh. 4. Waaree Energies: The company signed a Power Purchase Agreement (PPA) for 150 MW out of its 170 MW solar project capacity. The agreement is with Rewa Ultra Mega Solar Ltd and MP Power Management Company Ltd. 5. RailTel Corporation: RailTel received a work order worth ₹12 crore from South Eastern Coalfields Ltd. The scope includes IT and communication-related infrastructure services. 6. City Union Bank: The bank's board approved raising up to ₹500 crore through Qualified Institutional Placement (QIP), subject to regulatory and shareholder approvals. 7. SEPC Ltd: SEPC has been awarded a Letter of Award (LoA) from Parmeshi Urja Ltd for executing a 133 MW AC solar project across 26 locations in Maharashtra. The total project value is ₹650 crore. 8. HG Infra Engineering: HG Infra was declared the lowest bidder for an interstate transmission system project under the Eastern Region Generation Scheme-I in Odisha. The contract spans 35 years with expected annual transmission charges of ₹43 crore. 9. Northern Arc Capital: The Reserve Bank of India (RBI) has granted approval to Northern Arc to commence and operate as a factoring business under relevant regulatory provisions. 10. Lemon Tree Hotels: The company announced the signing of a new property in Madhya Pradesh. The hotel will feature 72 rooms and expand the company's footprint in the central Indian market. 11. OMCs and Paint Companies: With crude oil prices climbing over geopolitical tensions, stock movements in oil marketing companies and industries dependent on crude derivatives, such as paints, may witness volatility. 12. Paytm: The Ministry of Finance clarified that speculation around Merchant Discount Rate (MDR) being applied to UPI transactions is unfounded and baseless, impacting sentiment around digital payment stocks. 13. MCX: The National Stock Exchange (NSE) received SEBI's approval to launch electricity futures, introducing competition in the energy derivatives market. 14. C.E. Info Systems (MapmyIndia): PhonePe is reportedly planning to offload up to a 5% stake in the company via block deals. The floor price is expected to be at a 10% discount to the current market price. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Business Standard
09-06-2025
- Business
- Business Standard
Dilip Buildcon jumps after board nod to offload stakes in SPVs
Dilip Buildcon rallied 8.47% to Rs 531.10 after the company's board, in its meeting held on Saturday, 7 June 2025, approved the divestment of equity stakes in special purpose vehicles (SPVs). The board approved the divestment of upto 23% investment in 10 special project vehicles (SPVs) in a phased manner to DBL Infraventures (wholly owned subsidiary of the company). Additionally, the companys board also approved divestment of upto 26% investment in 10 special project vehicles (SPVs) in a phased manner to Alpha Alternatives Holdings and/or Alpha Alternatives Infrastructure Fund (AIF) and/or Build India Infrastructure Fund (BIF) and/or their affiliates. Dilip Buildcon is one of the leading full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage, dams, irrigation, airport, metro and railways, optical fiber, industrial, commercial, and residential buildings with a presence in over 20 states & 1 union territory. The companys consolidated net profit soared 3099.1% to Rs 170.83 crore despite a 0.8% decline in net sales to Rs 3,096.10 crore in Q4 FY25 over Q4 FY24.
Business Standard
09-06-2025
- Business
- Business Standard
Dilip Buildcon jumps after board nod to offload stakes in 10 SPVs
Dilip Buildcon rallied 8.47% to Rs 531.10 after the company's board, in its meeting held on Saturday, 7 June 2025, approved the divestment of equity stakes in 10 special purpose vehicles (SPVs). The board approved the divestment of upto 23% investment in 10 special project vehicles (SPVs) in a phased manner to DBL Infraventures private (wholly owned subsidiary of the company). Additionally, the companys board also approved divestment of upto 26% investment in 10 special project vehicles (SPVs) in a phased manner to Alpha Alternatives Holdings and/or Alpha Alternatives Infrastructure Fund (AIF) and/or Build India Infrastructure Fund (BIF) and/or their affiliates. Dilip Buildcon is one of the leading full-service infrastructure company with construction capabilities in Roads & bridges, Mining, Water sanitation, Sewage, Dams, Irrigation, Airport, Metro and railways, Optical fiber, industrial, commercial, and residential buildings with a presence in over 20 states & 1 union territory. The companys consolidated net profit soared 3099.1% to Rs 170.83 crore despite a 0.8% decline in net sales to Rs 3,096.10 crore in Q4 FY25 over Q4 FY24.
