The joint venture of Dilip Buildcon and Altis-Holding Corporation has executed an EPC agreement on 27 January 2021 with the National Highways Authority of India for an EPC project in the State Of Rajasthan.

The Rs 1000.08 crore project entails the construction of eight lane access-controlled expressway starting near junction with NH-12 near village Ummedpura to Major bridge over Takli river near Nayagoan Jageer village section of Delhi-Vadodara Green Field Alignment (NH-148N) under Bharatmala Pariyojana.

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Dilip Buildcon has incorporated a special purpose vehicle (SPV) for a new HAM project named as Dhrol Bhadra Highways as a wholly owned subsidiary of Dilip Buildcon. The project involves the four laning of Dhrol - Bhadra Patiya section and Bhadra Patiya - Pipaliya Section of NH-151A in Gujarat.

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Dilip Buildcon announced that the proiect Four Laning from km 308.550 to km 358.500, Byrapura to challakere section of NH-150 A, on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnataka pkg - II, has been provisionally completed.

The Provisional completion certificate has been issued by the authority and had declared the proiect fit for entry into commercial operation as on 15 December 2020 and consequendy the compary is entittled to receive the bonus of Rs 8.84 crores in lieu ofearly completion (i.e. 105 days prior to the revised scheduled completion date) of the said Project.

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The project of four laning Byrapura to Challakere section of NH-150 A, on Hybrid Annuity Mode under Bharatmala Pariyojna in Karnataka pkg - II, has been provisionally completed. The total project cost is Rs 841.70 crore.

Earlier, the scheduled completion date of the project was 30 December 2020. On account of COVID-19, the revised scheduled completion date including EOT was 30 March 2021.

The provisional completion certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on 15 December 2020 and consequently the company is entitled to receive the bonus of Rs 8.84 crore in lieu of early completion (i.e. 105 days prior to the revised scheduled completion date) of the said project.

On a consolidated basis, the company's net profit declined 33.4% to Rs 17.19 crore on a 9.6% rise in net sales to Rs 2,186.67 crore in Q2 September 2020 over Q2 September 2019.

Dilip Buildcon is engaged in the business of infrastructure facilities on engineering procurement and construction (EPC) basis.

The scrip rose 0.48% to Rs 397.70 on the BSE. It traded in the range of 393.55 and 402 so far during the day.

In the past one year, the stock has declined by 5.57% while the benchmark S&P BSE Sensex has added 15.78% during the same period.

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