The civil construction company informed that it has received Letter of Award (LoA) worth Rs 548 crore for the tender floated by the National Highways Authority of India (NHAI) in Tamil Nadu.
The order includes improving the alignment of Thoppur Ghat in Dharmapuri - Salem Section of NH-44 under NH (O) 2023-24 on hybrid annuity mode in the state of Tamil Nadu.The bid project cost stood at Rs 548 crore. The project is to be completed in 36 months and operation period is 15 years from COD.
The company was previously declared as the lowest bidder on 8 March 2024 by NHAI for this project.
Dilip Buildcon is presently in the business of development of infrastructure facilities on Engineering Procurement and Construction basis (EPC) and undertakes contract from various Government and other parties and special purpose vehicles promoted by the Company.
Dilip Buildcon reported 3.28% decrease in consolidated net profit to Rs 107.38 crore in Q3 FY24 as compared with Rs 111.03 crore in Q3 FY23. Revenue from operations increased 23.9% YoY to Rs 2,876.84 crore in Q3 FY24.
The scrip fell 1.23% to currently trade at Rs 432 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app