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
  Board of Dilip Buildcon recommends final dividend
 ( Corporate News - 10-May-24   17:26 )
  Dilip Buildcon schedules board meeting
 ( Corporate News - 02-Feb-24   15:42 )
  Dilip Buildcon emerges as L-1 bidder for Rs 1,092 cr project
 ( Hot Pursuit - 09-Apr-24   15:23 )
  Dilip Buildcon arm executes concession agreement with NHAI
 ( Hot Pursuit - 08-Jun-23   15:42 )
  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 profit of Rs 5.34 crore in the March 2024 quarter
 ( Results - Announcements 10-May-24   16:56 )
  Dilip Buildcon executes contract agreement for Ahmedabad Metro Rail Project, Phase-2
 ( Corporate News - 02-Mar-23   13:20 )
  Dilip Buildcon gets LoA for Rs 548-cr project from NHAI
 ( Hot Pursuit - 11-Mar-24   11:54 )
  Dilip Buildcon advances on bagging order worth Rs 1400 crore
 ( Hot Pursuit - 18-Aug-22   13:52 )
  Dilip Buildcon completes Tuljapur-Ausa project in Maharashtra
 ( Hot Pursuit - 27-Aug-22   16:13 )
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