Dilip Buildcon executes EPC agreement with UPEIDA

Infrastructure developer, Dilip Buildcon, has executed the EPC agreement on December 20, 2019, with the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for EPC project Uttar Pradesh.

The project is for the development of Bundelkhand Expressway Project (Package VJ) from Bakhariya (Dist Auraiya) to Kudrail (Dist. Etawah) (Km 250+000 to Km 295+280) access controlled Greenfield Expressway Project in Uttar Pradesh on EPC Basis.

The project cost is Rs 1,362.06 crore and the completion period for the project is 36 months.

As on September 30, 2019, the company’s order book stood strong at Rs 20,292.6 crore, which translates into a book-to-bill of 2.2x, giving a revenue visibility for the next two years. Of this order book, the road segment contribute nearly ~63 per cent, followed by mining and irrigation, which account for 21.4 per cent and ~7 per cent, respectively.

With this positive development, the stock of Dilip Buildcon surged nearly 2 per cent on the bourses today to touch an intra-day high of Rs 406.90 apiece.