Friday, November 13, 2026

Dilip Buildcon shares gain after JV wins ₹1,500 Gurugram Metro project

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Shares of Dilip Buildcon Ltd. gained nearly 3% on Monday, August 18, after its DBL-RBL JV received received a metro corridor construction order worth ₹1,503.63 crore.The company said the JV received a Letter of Acceptance (LoA) for the construction of Gurugram Metro Corridor between Millennium City Centre and Cyber City and Spur from Basai Village to Dwarka Expressway with a total of 27 stations.

“The project involves the construction of a viaduct and 14 elevated stations from Millennium City Centre to Sector 9 (inclusive) from chainage (-)381 m to 12,603 m, spur to Dwarka Expressway (1.85 km) and ramp to the depot at Sector 33, and an underpass at Bhaktawar Chowk, excluding PEB and architectural finishing works of the Gurugram Metro Corridor between Millennium City Centre and Cyber City (26.65 km) and the spur from Basai Village to Dwarka Expressway (1.85 Km) with a total of 27 stations,” the company said in an exchange filing.

This order is to be completed in 30 months.Earlier this month

the company had announced that its joint venture with RBL Bank had been declared as the lowest bidder (L1) for a railway construction project worth ₹1503.6 crore issued by Gurugram Metro Rail.

The company reported its first quarter earnings last month. Its consolidated net profit increased 93.6% to ₹271 crore from ₹169.3 crore in the previous year.

Its revenue declined 16.4% to ₹2,620 crore. Dilip Buildcon’s EBTIDA increased 8.7% to ₹520 crore while EBITDA margin expanded to 19.8% from 15.2% in the year-ago period.

The company’s order book was at ₹13,695 crore at the end of June 2025.

Shares of Dilip Buildcon were rading 2.8% higher at ₹492.55 apiece around 2pm on Monday. The stock has gained 8% this year, so far.

Read Also: Astral, Finolex, Supreme Industries, DCW shares jump over 6% on Monday; Here’s why

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