Rs 18,600 Crore Order Book: Infra Company Emerges L-1 Bidder for BSNL Bharat Net Phase III Broadband Connectivity Project – FIIs and DIIs Increase Stake!
Ace Investor Akash Bhansali owns a 1.18 per cent stake in the company.
The Small-Cap infrastructure company has announced that STL-DBL Consortium has been declared the L1 bidder for the prestigious BSNL Bharat Net Phase III Broadband Connectivity Project, funded by USOF, with a total value of Rs 1,625.36 crore (including GST).
This project will provide middle-mile and last-mile connectivity in the Jammu & Kashmir and Ladakh regions. DBL’s share of the project execution is 70.23 per cent. The contract includes a three-year timeline for construction and a ten-year maintenance period.
Dilip Buildcon Ltd, incorporated in 2006, is currently engaged in the development of infrastructure facilities on an Engineering, Procurement, and Construction (EPC) basis. The company undertakes contracts from various government entities, other parties, and special-purpose vehicles promoted by the company.
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Today, the shares of Dilip Buildcon Ltd closed the day in green at around Rs 485.95 per share on the BSE. The company’s current market capitalization stands at Rs 7,105 crore. Additionally, the shares have delivered an around 30 per cent return in the past 1 year.
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As per the Quarterly Results, in the Q1 FY25, Dilip Buildcon Ltd recorded a revenue of Rs 3134 crore compared to Rs 2921 crore. The operating profit stood at Rs 478 crore. The net profit stood at Rs 140 crore compared to a profit of Rs 12 crore representing a gain of 1066 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 12012 crore in FY24. The operating profit for FY24 was Rs 1421 crore with a net profit of Rs 201 crore compared to a loss of Rs 1 crore in FY23.
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Disclaimer: The article is for informational purposes only and not investment advice.