Hot Pursuit     22-Aug-23
Dilip Buildcon JV emerges as L-1 bidder for Rs 1,275 cr
Dilip Buildcon informed that its joint venture (JV), Dilip Buildcon - Patel Engineering (DBL-PEL) has been declared as L-1 bidder for the tender floated by the Madhya Pradesh Jal Nigam.
The project includes engineering, procurement, construction, testing, commissioning trial run and operation and maintenance for 10 Years of Narmada Gambhir Multi Village Drinking Water Supply Scheme, District Ujjain in single package on turn key job basis.

The bid cost of the project stands at Rs 1,275.30 crore and the completion period is 24 months.

Patel Engineering is a civil construction company that specializes in hydropower and irrigation projects.

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 consolidated net profit of Rs 12.68 crore in Q1 FY24 as compared with net loss of Rs 53.94 crore in Q1 FY23. Net sales rose 1.3% year on year to Rs 2920.78 crore in Q1 FY24 over Q1 FY23.

The scrip rose 0.89% to currently trade at Rs 307.50 on the BSE.

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