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 reports consolidated net profit of Rs 5.34 crore in the March 2024 quarter
 ( Results - Announcements 10-May-24   16:56 )
  Dilip Buildcon reports consolidated net profit of Rs 12.68 crore in the June 2023 quarter
 ( Results - Announcements 04-Aug-23   13:39 )
  Dilip Buildcon successfully bids for project of PWD, Govt. of Goa
 ( Corporate News - 08-Aug-23   14:48 )
  Volumes soar at Dilip Buildcon Ltd counter
 ( Hot Pursuit - 28-Mar-23   14:30 )
  Dilip Buildcon to conduct board meeting
 ( Corporate News - 07-Feb-25   16:48 )
  Dilip Buildcon rises on turnaround Q2 results
 ( Hot Pursuit - 15-Nov-22   12:03 )
  Dilip Buildcon to hold board meeting
 ( Corporate News - 14-Feb-23   10:02 )
  Dilip Buildcon completes road project in Maharashtra
 ( Corporate News - 06-Jan-22   15:15 )
  Dilip Buildcon divest 51% stake in project SPV (Pathrapali Kathgora Highways)
 ( Corporate News - 04-Jul-24   18:06 )
  Dilip Buildcon gets LoA for two highway projects in Andhra Pradesh
 ( Hot Pursuit - 01-Feb-23   15:06 )
  Dilip Buildcon completes Gorhar-Khairatunda project in Jharkhand
 ( Hot Pursuit - 14-Apr-22   14:31 )
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