DBL bags Rs 5,000 Cr mining LOA from NALCO for 25 years
DBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 3.1 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dilip Buildcon received a Letter of Award from NALCO, a Government of India enterprise, for a 25-year Mining Development and Operations contract for the Pottangi Bauxite Mines in Odisha. Total contract value is Rs 5,000 Crores (excluding GST) covering 84 million tonnes of bauxite mining plus an overland conveyor and allied facilities. First 3 years involve EPC work worth Rs 1,750 Cr, followed by 22 years of mining worth Rs 3,250 Cr at current mining charges.
Large order win that materially expands order book and provides long-term revenue visibility over 25 years.