Dilip Buildcon gains on emerging as L-1 bidder for Rs 1400-cr project

11 Jul 2022 , 09:36 AM

The project pertains to engineering, procurement, construction, testing, commissioning, trial run and operation & maintenance of various components of Gandhisagar-2 multi-village scheme, districts Mandsaur and Neemuch in single package on turn-key job basis including trial run and operation & maintenance of the entire water supply scheme for 10 years in the state of Madhya Pradesh The awarded bid project cost for the project is Rs 1400 crore. The estimated completion period is 28 months. Separately, Dilip Buildcons wholly-owned subsidiary, Bangarupalem Gudipala Highways received the financial closure letter from the National Highways Authority of India for Bangalore-Chennai Expressway of 29 kms in Andhra Pradesh under Bharatmala on Hybrid Annuity Mode (Phase II/Package III). The project cost is Rs 1,060 crore. The project is to be completed in 24 months. The period of operations is 15 years from commercial operations date. Dilip Buildcon is a full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage and dams with a presence in over 19 states. The company reported a consolidated net loss of Rs 55.51 crore in the quarter ended March 2022 as against net profit of Rs 123.68 crore during the previous quarter ended March 2021. Sales declined 15% YoY to Rs 2,663.70 crore in Q4 FY22. Powered by Capital Market – Live News