Dilip Buildcon shares jump 12% after securing ₹1,800 crore project from PNGRB; details here

The company said it has received a Letter of Intent (LoI) for authorisation to lay, build, operate or expand a petroleum and petroleum product (LPG) pipeline from Paradip, Odisha, to Raipur, Chhattisgarh. The project is worth ₹1,800 crore.

“The Project entails the grant of an exclusive license by PNGRB to act as the authorized entity for the development of “pipeline” infrastructure for the transportation of LPG, including financing, construction, and operation of the same, and to levy and collect tariff for the transportation of LPG up to the designated delivery point for operation period of 25 years after construction period of 3 years,” Dilip Buildcon said in a regulatory filing.

The project will be implemented through a Special Purpose Vehicle (SPV), in which Dilip Buildcon will hold 100% equity. The project is expected to be completed within 36 months.

Under the proposed project, Dilip Buildcon will also undertake the design, finance, development, construction, operation and maintenance of the proposed LPG pipeline infrastructure, subject to applicable approvals, authorisations and regulatory requirements of PNGRB.

The proposed pipeline infrastructure is expected to facilitate the transportation of LPG to the bottling plants of various oil marketing companies, thereby intending to replace the existing road-based transportation of LPG through tankers and enhancing road safety.

Dilip Buildcon further added that the pipeline is also likely to be operated as a common carrier, in accordance with the applicable PNGRB framework, with eligible OMCs/users accessing the pipeline capacity.

The project will generate revenue through the applicable Petroleum and Petroleum Products Pipeline Transportation Tariff for transportation of LPG through the pipeline.

“Accordingly, DBL’s role through SPV will be to develop and operate the LPG pipeline infrastructure and provision of transportation services. To clarify the matter, DBL will not be engaged in the procurement, trading, distribution or sale of LPG, or bear the associated commercial risks relating to LPG procurement and marketing,” the firm further said.

Dilip Buildcon share price trends

At 10:05 AM, Dilip Builcon shares were trading at ₹414.90 apiece on the National Stock Exchange, surging 5.57%.

From the beginning of the year, Dilip Buildcon shares have declined 17%. Over a month’s time, the stock has fallen 11%, while for the six-month period, it has lost 10%.

Shares of the firm had hit a 52-week high of ₹585 on September 24, 2025, and a 52-week low of ₹381.55 on July 24, 2026.

According to NSE data, as of September 9, 2026, Dilip Buildcon has a total market capitalisation of ₹6,400.33 crore.