Dilip Buildcon shares jump 4% intraday: Here's why

Rapid metro in Gurugram

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26 Aug, 2025 12:21

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The shares of Dilip Buildcon jumped nearly 4 percent intraday on August 18. This came after the company made two positive announcements.

Dilip Buildcon announced on Monday that its joint venture with RBL has received the letter of acceptance for the construction of Gurugram Metro Corridor between Millennium City Centre and Cyber City (26.65 km), and Spur from Basai Village to Dwarka Expressway (1.85 Km) with total 27 stations.

The total value of the project has been stated to be Rs 1,503.63 crore, and it is set to be completed within 30 months, the company said in its exchange filing. "Construction of Viaduct and 14 elevated stations from Millennium City Centre to Sector 9 (Inclusive) from chainage (-)381 m to 12603 m, spur to Dwarka Expressway (1.85 km) and ramp to Depot at Sector 33, underpass at Bhaktawar Chowk excluding PEB and Architectural finishing works of Gurugram Metro Corridor between Millennium City Centre and Cyber City (26.65 Km) and Spur from Basai Village to Dwarka Expressway (1.85 Km) with total 27 stations," the company explained the project in its exchange filing.

In another exchange filing, Dilip Buildcon announced that it has emerged as the lowest bidder through DBL-Ramky Consortium for the tender floated by the Rajasthan Water Grid Corporation Limited (erstwhile known as Eastern Rajasthan Canal Project Corporation Limited) on Hybrid annuity model.

The project is related to the construction of feeder from Isarda to Khura Chainpura to Bandh Baretha Bharatpur. It would include the making of all components with its O&M for a period of 20 years on Hybrid Annuity Model.

The project value has been stated to be Rs 2,952 crore, and it is set to be completed within 27 months.

Dilip Buildcon shares jumped nearly 4 percent to hit an intraday high of Rs 497.9 apiece. The stock later pared some gains to close 2.47 percent higher at Rs 491 apiece. The stock has gained more than 6.5 percent in the past five days, and over 19 percent in the past six months. It is up nearly 8 percent in 2025 so far.

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