Hot Pursuit     03-Jan-23
Dilip Buildcon rises as arm bags appointed date letter for project in Odisha
Dilip Buildcon gained 2.91% to Rs 226.25 after the EPC company announced that its wholly owned subsidiary, DBL-Siarmal Coal Mines has received the appointed date letter from Mahanadi Coalfields for a open cast project in Odisha.
The company's subsidiary has received a letter from Mahanadi Coalfields regarding declaration of appointed date as 2 January 2022, by Authority for the project in Odisha.

Under this project, the subsidiary will act as a mine developer cum operator for development and operation of Siarmal open cast project in Sundergarh district of Odisha.

The contract price of the project is Rs 36,819.07 crore and the contract period is of 25 years.

Dilip Buildcon is one of the leading full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage, dams, irrigation, industrial, commercial and residential buildings with a presence in over 19 states & 1 union territory.

The company reported a standalone net profit of Rs 64.15 crore in Q2 FY23 as against a net loss of Rs 19.31 crore in Q2 FY22. Revenue from operations rose 4.91% year on year to Rs 2,261.93 crore in the quarter ended 30 September 2022.

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