Dilip Buildcon Limited has secured a major infrastructure contract worth Rs 160.20 crores (excluding GST) from Odisha Bridge & Construction Corporation Limited (OBCCL). The company has been declared the L-1 bidder for the construction of a diversion road project in Sundargarh district, Odisha.

Project Details

The awarded contract involves the construction of a diversion road from 4/700 km to 11/500 km of Duduka-Gopalpur-Toparia Road. The project specifications include a 6-lane road with service road infrastructure in the District of Sundargarh, to be executed on Engineering, Procurement & Construction (EPC) mode.

Regulatory Compliance

The company has disclosed this development in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both BSE Limited and National Stock Exchange of India Ltd on March 14, 2026.

Contract Classification

As per the detailed disclosure requirements, this is a domestic contract awarded by a domestic entity. The project does not involve any promoter or promoter group company interests, nor does it fall under related party transactions. The contract represents a general L-1 bidder arrangement with standard terms and conditions.

Trading Window Closure

In compliance with the company's Code of Conduct for Prevention of Insider Trading and SEBI regulations, the trading window for dealing in company securities will remain closed for all insiders, designated persons, and their immediate relatives for 48 hours from the date this information is made publicly available.

This project award strengthens Dilip Buildcon's position in the road infrastructure sector and adds to its order book in the eastern region of India. The 18-month execution timeline indicates the company's commitment to timely project delivery in the infrastructure development space.

Dilip Buildcon Limited has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited (RECPDCL) for establishing a 400 kV Sub-station at Mekhali along with associated transmission lines in Belagavi District, Karnataka. The project, valued at approximately ₹1850 crore, represents a significant milestone for the infrastructure development company.

Project Overview

The company announced the receipt of the LOI for the transmission project that will be executed under the tariff-based competitive bidding (TBCB) route. RECPDCL is acting as the Bid Process Coordinator (BPC) on behalf of the Government of Karnataka for this intra-state transmission system project.

Project Structure and Terms

Under the agreement, Dilip Buildcon Limited will acquire 100% equity shares of the Project SPV and act as the Transmission Service Provider (TSP). The project involves development, ownership, operation and maintenance of the transmission system on a Build-Own-Operate-Transfer (BOOT) basis.

The scope of work encompasses development, financing, design, engineering, procurement, construction, testing, commissioning, operation and maintenance of transmission assets. The project will be executed under a tariff-based annuity model, with construction and commissioning to be completed within 24 months from the Effective Date.

Business Impact

This LOI confirmation solidifies the ₹1850 crore order that was previously announced, providing clarity on the project specifics and execution framework. The 35-year concession period ensures long-term revenue visibility for the company through the operation and maintenance phase.

The successful receipt of this LOI demonstrates Dilip Buildcon's continued capability to secure significant transmission infrastructure projects. This domestic project strengthens the company's order book and reinforces its position in the competitive infrastructure development sector.