Dilip Buildcon shares jump nearly 4% on bagging order worth ₹1,800 crore from PNGRB

“…we are pleased to inform you that Dilip Buildcon Limited has received Grant of Authorisation from Petroleum and Natural Gas Regulatory Board (PNGRB) for “Laying, Building, Operating or Expanding Petroleum and Petroleum Product (LPG) Pipeline from Paradip, Odisha to Raipur, Chattisgarh,” the company said in a statement.

Worth ₹1,800 crore, the project entails the grant of an exclusive licence by PNGRB to act as the authorised entity for developing LPG pipeline infrastructure, including its financing, construction and operation.

The licence also allows the entity to levy and collect tariffs for LPG transportation up to the designated delivery point for an operation period of 25 years, following a three-year construction period.

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

Further, the company said that the proposed pipeline infrastructure will facilitate the transportation of LPG to the bottling plants of various oil marketing companies (OMCs), thereby intending to replace the existing road-based transportation of LPG through tankers and enhancing road safety.

The pipeline is proposed to be operated also 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. It will be implemented through a special purpose vehicle (SPV), in which Dilip Buildcon shall hold 100% equity.

Dilip Buildcon’s role through SPV will be to develop and operate the LPG pipeline infrastructure and provision 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 added.

Dilip Buildcon share price trends

At 1:03 PM, Dilip Builcon shares were trading at ₹407.45 apiece on the National Stock Exchange, surging 1.66%.

From the beginning of the year, Dilip Buildcon shares have declined 14%, while over a month’s time, the stock has gained 4%.

Shares of the firm had hit a 52-week high of ₹538.2 on October 5, 2025, and a 52-week low of ₹381.55 on July 24, 2026.

According to NSE data, as of October 7, 2026, Dilip Buildcon has a total market capitalisation of ₹6,618.81 crore.