Dilip Buildcon declared L-1 bidder for projects in U.P.

Dilip Buildcon Limited has been declared L-1 bidder by the U.P Expressways Industrial Development Authority in the state of Uttar Pradesh.

There are 2 projects included in the said bid. First one includes development of Bundelkhand Expressway Project (Package VI) from Bakhariya (Dist. Auraiya) to Kudrail (Dist. Etawah) (Km 250+000 to Km 295+280) Access Controlled (Greenfield) Expressway Project in the state of Uttar Pradesh on EPC Basis. The bid project cost is Rs. 1362.06 crore to be completed within 36 months.

The second one includes development of Gorakhpur Link Expressway Project (Package II) From Fulwariya (Dist. Ambedkar Nagar) to Salarpur (Dist. Azamgarh) and is a fully access controlled 4- lane (expandable to 6 lanes) divided carriageway in the State of Uttar Pradesh on EPC Basis. This project's bid cost is Rs. 1250.01 crore and is to be completed within 36 months.

Last month, the company had emerged in the tender floated by Northern Coalfields Limited (NCL), Singrauli for removal of over burden in the state of Madhya Pradesh. The EPC project was worth Rs. 2122.73 which is to be completed in 1552 days.

The company had secured new orders worth Rs. 6125.7 crore in FY19. The order book by end of FY19 stood at Rs. 21,171.8 crore. This translates book-to-bill of 2.25x giving a strong revenue visibility for the next 2-3 years.

On Friday, stock of Dilip Buildcon opened at Rs. 405. During the day, it made intra day high and low of Rs. 411 and Rs. 380 respectively. It got closed at Rs. 388.85, down by 4.3 per cent from previous close of Rs. 406.30.