Dilip Buildcon Limited has informed the Exchange about Bagging/Receiving of orders/contracts
DBL · price
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Awaiting price reaction for this filing.
Dilip Buildcon Limited has received a Letter of Award from the Petroleum and Natural Gas Regulatory Board (PNGRB) to lay, build, operate, and expand an Air Turbine Fuel (ATF) pipeline from Navgam to Sardar Vallabhbhai Patel International Airport in Gujarat. The company will hold 100% equity in a Special Purpose Vehicle (SPV) created for the project, which comes with an exclusive 25-year license to transport ATF and collect tariffs. The EPC works are valued at approximately INR 124 crore (excluding GST) and will be executed over 24 months. This is a domestic government-backed order with no related party involvement. The project provides both immediate construction revenue and long-term recurring income through tariff collection for 25 years.
This is a modest positive for shareholders — the INR 124 crore EPC order adds to DBL's order book and the 25-year license opens a steady, long-duration revenue stream from ATF transportation tariffs. However, the size of the EPC portion is relatively small compared to DBL's overall revenue base, so the immediate stock impact is likely limited.