Dilip Buildcon Secures ₹879.30 Crore Highway Project in Tamil Nadu, Reports Strong Q2 Results

Dilip Buildcon Limited (DBL), a prominent infrastructure company, has recently made headlines with a significant project win and impressive quarterly results. Let's delve into the details of these developments.

New Highway Project Win

Dilip Buildcon has received a Letter of Award from the National Highways Authority of India (NHAI) for a significant highway project in Tamil Nadu. The project involves the 4-laning of the Paramakudi to Ramanathapuram section. Here are the key details of the project:

Project Details	Description
Project Length	46.665 km
Project Value	₹879.30 crore (excluding GST)
Execution Mode	Hybrid Annuity Mode (HAM)
Construction Period	24 months
Operation Phase	15 years from Commercial Operation Date

The project specifically entails the "4 laning of Paramakudi to Ramanathapuram Sec of NH49 New NH87 from Km 80.360 to Km 127.025 DC in Tamil Nadu."

Q2 FY2024 Financial Performance

Dilip Buildcon has reported strong financial results for the second quarter of the fiscal year 2024:

Financial Metric	Q2 FY2024	YoY Change
Consolidated Net Profit	₹271.00 crore	↑ 93.6%
EBITDA	₹520.00 crore	↑ 8.7%
EBITDA Margin	19.8%	↑ from 15.2%
Revenue	₹2,620.00 crore	↓ 16.4%

The company's net profit surge was aided by an exceptional gain of ₹169.30 crore. Despite the impressive bottom-line growth, revenue declined due to slower EPC (Engineering, Procurement, and Construction) ordering activity.

Project Completions

Dilip Buildcon has successfully completed several major projects, including:

Sections of the Bangalore-Chennai Expressway worth ₹925.00 crore
The Raipur-Visakhapatnam Economic Corridor worth ₹680.00 crore

Market Response

The market responded positively to these developments, with Dilip Buildcon's shares closing at ₹481.00, up 0.65%.

This combination of new project wins, strong financial performance, and successful project completions underscores Dilip Buildcon's robust position in the infrastructure sector. The company's ability to secure large-scale projects and improve profitability metrics, even in the face of revenue challenges, demonstrates its resilience and operational efficiency in the competitive infrastructure landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.43%	-5.96%	+0.78%	-11.15%	+1.23%	+8.43%

Dilip Buildcon Limited (DBL), a prominent infrastructure company, has been declared the lowest bidder (L-1) for a significant highway project in Tamil Nadu. The project, awarded by the National Highways Authority of India (NHAI), involves the four-laning of a 46.665 km stretch from Paramakudi to Ramanathapuram.

Project Details

Aspect	Details
Project Description	4-laning of Paramakudi to Ramanathapuram Section of NH49 New NH87
Location	Tamil Nadu
Project Length	46.665 km (from Km 80.360 to Km 127.025)
Contract Value	Rs 879.30 crores (excluding GST)
Execution Mode	Hybrid Annuity Mode (HAM)
Completion Period	24 months
Operation Period	15 years from the Commercial Operation Date (COD)

Key Points

The project is part of the National Highways Development Program, aimed at improving road infrastructure in India.
Dilip Buildcon secured this project through a competitive bidding process, emerging as the L-1 bidder.
The Hybrid Annuity Mode (HAM) of execution is a public-private partnership model that combines features of the build-operate-transfer (BOT) annuity and EPC (Engineering, Procurement, and Construction) models.

Company Disclosure

In compliance with regulatory requirements, Dilip Buildcon has made the following disclosures:

The project does not fall under related party transactions.
The promoter group companies have no interest in the awarding entity (NHAI).
The company's trading window for insiders and designated persons is closed until 48 hours after the declaration of financial results for the quarter ended September 30, 2025.

This project win strengthens Dilip Buildcon's order book and reinforces its position in the infrastructure development sector. The successful execution of this project is expected to contribute to the company's long-term growth and profitability while also enhancing road connectivity in Tamil Nadu.