Dilip Buildcon: Stock soars after bagging solar power project in MP
Infrastructure company Dilip Buildcon received a significant solar power project from the Madhya Pradesh Jal Nigam. It has resulted in its shares registering remarkable gains in a week. The company also has a robust order book.
Kolkata: The stock of Dilip Buildcon has zoomed after it has secured a contract for a major solar project from MP Jal Nigam. Dilip Buildcon is a major infrastructure company. It shares have gained as much as 7.38% since October 1. Obviously, the contract has boosted the order book of the company, which is a significant metric for all infrastructure companies. Check the details of the stock and 1the company here.
The MP project parameters
It has won a contract for a 100 MW grid-connected ground-mounted solar project, Dilip Buildcon informed the stock exchanges in a filing. The location of this project is Mandsaur district, where the solar farm will be erected on about 315 acres. The company has to complete the project in two years. Dilip Buildcon has taken a 74% stake in the company that has been designated to act as a vehicle for the solar project. APMPL has become a joint venture partner it and it holds 26% stake in it. The MP Jal Nigam will invest about Rs 31.20 crore in the project. The power generated by this project will be bought by Madhya Pradesh Jal Nigam for 25 years and they will pay Rs 2.09 per unit.
Earlier orders
The company won two more big contracts which are cumulatively worth Rs 4,020.37 crore. One of these infrastructure orders came from Rajasthan Water Grid Corporation. It has a value of Rs 2,905 crore. The other contract was awarded by Kerala Industrial Corridor Development Corporation and is worth Rs 1,115.37 crore. This is an EPC contract and it is a part of the Kochi extension of the Chennai-Bengaluru Industrial Corridor.
The order book size of Dilip Buildcon stood at Rs 13,695 crore as of June 30, 2025 including a diverse bouquet of projects in roads, metro, irrigation, and water supply sectors.
Shares respond
Following the MP Jal Nigam contract, Dilip Buildcon shares rose on October 7. The stock opened at Rs 524 and touched an intraday high of Rs 538.20. Shares rose 2.71%. However, on October 8, around 11 am, the stock was trading at Rs 513.30, down 2.75 (or 0.53%).
Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.