Dilip Buildcon has been officially declared the L1 (lowest) bidder for the Engineering, Procurement and Construction (EPC) project for designing and construction of Ged Barrage on the Sabarmati River. The company announced this development through a regulatory filing under Regulation 30, confirming the project value of Rs 268 crore excluding GST.

Project Specifications

The comprehensive infrastructure project involves designing and construction of Ged Barrage, protection work, and other allied activities across river Sabarmati between Hirpura barrage and Lakroda weir in Ta. Prantij, Dist. Sabarkantha. The project also includes operation and maintenance responsibilities for 10 years.

Awarding Authority

The project has been awarded by the Narmada Water Resources Water Supply & Kalpasar Department, Government of Gujarat. This represents a domestic contract with no related party transactions involved, as confirmed in the regulatory disclosure.

Strategic Impact

The project award strengthens Dilip Buildcon's position in the water infrastructure segment, adding substantial value to its order book. The 24-month execution period provides clear revenue visibility, while the additional 10-year operation and maintenance component offers extended engagement with the project.

The L1 bidder status demonstrates the company's competitive pricing capabilities and technical expertise in executing complex water infrastructure projects. This project represents a significant addition to Dilip Buildcon's infrastructure portfolio in the Gujarat market.

Dilip Buildcon Limited has issued a postal ballot notice seeking shareholder approval for providing loans totaling ₹3785.50 crores to its subsidiary companies and group entities for financial year 2026-27. The notice, dated April 01, 2026, was submitted to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Loan Approval Details

The company's Board of Directors has proposed to obtain shareholder approval through special resolution under Section 185 of the Companies Act, 2013. The total loan facility of ₹3785.50 crores will be distributed among subsidiary companies, associate companies, joint ventures, trusts, and other body corporates for their principal business activities.

E-Voting Schedule

Shareholders can participate in the voting process through the e-voting facility during the specified period. The company has made arrangements for both demat and physical shareholders to register and participate in the voting process.

Major Loan Allocations

The loan distribution covers 52 entities across various business segments including solar power, highways, mining, and joint ventures. The largest allocations include solar power subsidiaries and highway development companies.

Business Rationale

The Board has determined that these loans are necessary for the ordinary course of business operations and to meet various legislative, policy, and operational requirements of the subsidiary companies. The Audit Committee has recommended the proposal, emphasizing that the funds will be utilized exclusively for principal business activities of the recipient entities.

Regulatory Compliance

The postal ballot notice includes comprehensive details for shareholder participation, with specific instructions for both demat and physical shareholders. The company has provided helpdesk details for technical assistance during the e-voting process, ensuring compliance with regulatory requirements for shareholder approval of related party transactions.