Hot Pursuit     17-Oct-22
Dilip Buildcon gains on receiving LoA from GMRC
Dilip Buildcon rose 1.79% to Rs 221.20 after the company announced that it has received the letter of acceptance (LoA) from the Gujarat Metro Rail Corporation (GMRC) for a construction project worth Rs 702.02 crore.

The scope of the project entails construction of 8.702 kms elevated viaduct and 7 nos. stations (excl. E&M, architectural finishing and roofing) from Majura Gate to Saroli Dead End under corridor-2 in connection with Surat Metlo Rail Project Phase - I (Pkg-CS-6).

The cost of project is Rs 702.02 crore. The period of completion of the project is 26 months.

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's standalone net profit tumbled 26.7% to Rs 19.80 crore in Q1 FY23 from Rs 27.02 crore posted in Q1 FY22. Revenue from operations jumped 22.1% to Rs 2,621.52 crore in the first quarter as against Rs 2,146.26 crore recorded in the same period last year.

Previous News
  Dilip Buildcon to declare Quarterly Result
 ( Corporate News - 06-Nov-24   13:50 )
  Dilip Buildcon consolidated net profit rises 303.47% in the September 2023 quarter
 ( Results - Announcements 08-Nov-23   07:43 )
  Dilip Buildcon divest 51% stake in project SPV (Pathrapali Kathgora Highways)
 ( Corporate News - 04-Jul-24   18:06 )
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 ( Hot Pursuit - 13-Jun-24   12:00 )
  Dilip Buildcon completes road project in Karnataka
 ( Corporate News - 14-Mar-23   14:21 )
  Dilip Buildcon gets completion certificate for Karnataka project
 ( Hot Pursuit - 14-Mar-23   15:20 )
  Dilip Buildcon reports consolidated net loss of Rs 55.51 crore in the March 2022 quarter
 ( Results - Announcements 31-May-22   08:15 )
  Dilip Buildcon AGM scheduled
 ( Corporate News - 09-Aug-23   10:14 )
  Dilip Buildcon to convene AGM
 ( Corporate News - 17-Aug-24   12:37 )
  Dilip Buildcon arm executes concession agreement with NHAI
 ( Hot Pursuit - 21-Feb-23   15:01 )
  Dilip Buildcon announces execution of concession agreement for road project in Chhattisgarh
 ( Corporate News - 21-Feb-23   14:56 )
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