07-Oct-2026      11:06

Dilip Buildcon jumps 1.82% after securing Rs 1800.00 crore EPC contract for a pipeline project

Dilip Buildcon Ltd. is currently trading at Rs 408.1, up 1.82%, while the stock has risen 0.47% over the last one week.

Dilip Buildcon Limited has received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) to develop a petroleum and petroleum product (LPG) pipeline from Paradip, Odisha to Raipur, Chattisgarh, marking a significant business development for the company. The 25-year project, which follows a 3-year construction period, will be executed through a Special Purpose Vehicle (SPV) where Dilip Buildcon will hold 100% equity and includes an Engineering, Procurement and Construction (EPC) contract valued at approximately Rs 1800.00 crore (excluding GST) to be completed over 36 months. The pipeline aims to replace existing road-based LPG transportation, enhancing road safety and facilitating transportation to bottling plants, with Dilip Buildcon focusing on infrastructure development and operation rather than LPG procurement or sales.

Dilip Buildcon Ltd. shares saw a trading volume of 1.39 lakh today, a surge of 117.49% compared to the average volume over the last one week. Dilip Buildcon Ltd. fell by 20.92% year-over-year, underperforming the NIFTY50 index's loss of 9.18%.

News source: Capital Market - Live News