Hot Pursuit     24-Nov-23
Dilip Buildcon gets provisional completion certificate for Telegana project
The civil construction company announced that it has received a provisional completion certificate for Repallewada Telangana/Maharashtra border project in the state of Telangana.

The scope of the project involved four laning of NH-363 from Repallewada to Telangana/Maharashtra border in the state of Telangana under NH (O) on hybrid annuity mode. The cost of the project stood at Rs 1,140.50 crore.

The project's appointed date was 1 March 2021 and the scheduled completion date was 28 February 2023, which was 730th day from the appointed date. The revised scheduled completion date was 31 March 2024.

The company said that the provisional completion certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on 20 October 2023.

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 consolidated net profit of Rs 68.63 crore in Q2 FY24, steeply higher than Rs 17.01 crore recorded in Q2 FY23. Net sales rose 9.7% year on year to Rs 2,848.67 crore during the quarter.

Shares of Dilip Buildcon shed 0.90% to Rs 423.00 on the BSE.

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