Dilip Buildcon bags order worth Rs 1,689 crore

Dilip Buildcon (DBL) has bagged new EPC order worth Rs. 1,698 crore from the Maharashtra State Road Development Corporation Limited, informed the company on Thursday.

The order is for construction of access-controlled Nagpur-Mumbai super communication expressway (Maharashtra Samruddhi Mahamarg). This order is expected to get complete within 30 months. The company has a strong execution track record and has bagged almost Rs. 404.7 crore as an early bonus during 2012 to 2018.

Also, in last week, the company has been declared L-1 for Bhopal Metro rail proiect, Phase -I, valued at Rs. 247.06 crore. The execution period for this contract is 27 months.

As on Q1FY19 the DBL holds a robust order book of Rs. 24,090.3 crore which translate book-to-bill of 3.1x. This gives strong revenue visibility for DBL for the next three years.

Moreover, recently in its AGM held on August 14, 2018 the Board of Directors of the company recommended a dividend of Re. 1 per equity share of Rs. 10.

Meanwhile, the stock of DBL in Friday’s trading session opened gap-up at Rs. 846 per share as against its previous close of Rs. 833.7. At 10.44 hours, the stock of DBL was trading at positive mark of Rs. 840 apiece, up by almost 0.8 per cent.