Infrastructure company Dilip Buildcon has secured a significant contract worth ₹2,524.32 crore from the Water Resources Department, Government of Chhattisgarh. According to the company's regulatory filing, the company emerged as the lowest (L-1) bidder for the construction of the Sikasar to Kodar Reservoir Link Canal (Pipeline) under the Pairy Project Scheme. The project will be executed on a lump-sum basis with a completion timeline of 30 months. The order size stands at ₹2,524.32 crore, excluding applicable GST, making it one of the company's significant project wins in the water infrastructure segment.
The comprehensive scope of work includes the design and construction of the reservoir link canal pipeline, along with testing, trial runs, commissioning, and operation and maintenance of the entire system for five years after completion of construction. As reported by the company, the contract has been awarded by a domestic government entity, with the contract value excluding GST. The company has clarified that neither its promoters nor promoter group companies have any interest in the awarding entity, and the project does not qualify as a related-party transaction under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations. This latest L-1 bidder status further strengthens Dilip Buildcon's presence in India's infrastructure sector, particularly in irrigation and water resource projects.
This latest win follows Dilip Buildcon's securing of a ₹160.2 crore EPC contract earlier this month from Odisha Bridge & Construction Corporation. According to CNBC TV18, that project involves building a six-lane diversion road with service roads in Sundargarh district, scheduled for completion within 18 months. The company has been actively securing new contracts across different infrastructure segments.
Following the order announcement, Dilip Buildcon shares rose to the day's highs but have since pared most of the gains. As reported by Business Standard, the stock slipped 2.24% to ₹433.95 on the BSE following the announcement. The company's financial performance has shown challenges, with consolidated net profit tanking 63.67% to ₹62.05 crore in Q4 FY26 from ₹170.83 crore in Q4 FY25. Revenue from operations also declined 25.71% year-on-year to ₹2,299.80 crore during the quarter. The company's shares have declined nearly 8% in 2026 so far, reflecting broader market conditions affecting infrastructure stocks.
