Dilip Buildcon shares soar 6% on emerging as L1 bidder for ₹702 crore Gujarat flood control project

This comes after it said that it has emerged as the lowest (L1) bidder for a ₹702 crore tender floated by the Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat.

At around 10:09 pm, the stock was trading 3.05% at ₹448.25 per equity share.

The scrip has lost 1% in the past week and 5% over the month. On a year-to-date basis, it has fallen more than 5%.

In a regulatory filing, post-market hours on February 17, the company said that it received the contract for the construction of the flood protection embankment on the Narmada River in Gujarat’s Bharuch District.

Under the general contract, the Bhopal-based firm is expected to execute the project in 24 months in Engineering, Procurement and Construction (EPC) mode.

Other development

In a separate regulatory filing dated February 13, the company stated that it received a contract worth ₹124 crore (excluding GST) for the authorisation to lay, build, operate, or expand a petroleum or petroleum product (Air Turbine Fuel / ATF) pipeline from Navgam to Sardar Vallabhbhai Patel International Airport in Gujarat.

The project, which is expected to be executed over a period of 24 months, was awarded by the Petroleum and Natural Gas Regulatory Board (PNGRB).

“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 ATF, including financing, construction, and operation of the same, and to levy and collect tariff for the transportation of ATF up to the designated delivery point for a period of 25 years,” Dilip Buildcon noted.

It added that the project will be implemented through a Special Purpose Vehicle (SPV), in which Dilip Buildcon will hold 100% equity.

Shares of the company closed 1.01% higher at ₹434.95 per unit on Tuesday. However, the development was announced in the post-market hours.

Dilip Buildcon has a total market capitalisation of ₹7,281.59 crore, as of February 18, 2026, according to data on the NSE.