DBLNSEDilip Buildcon LimitedMediumPositive
Announced Thu, 30 Apr · 14:15 IST

Dilip Buildcon Limited has informed the Exchange regarding 'Declaration of the Appointed Date of DBL ERCP Bandh Baretha Private Limited (a subsidiary Company of Dilip Buildcon Limited) from Rajasthan Water Grid Corporation Limited'.

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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹471.15
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₹461.85
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AI summary

Dilip Buildcon's subsidiary DBL ERCP Bandh Baretha Private Limited has received the appointed date from Rajasthan Water Grid Corporation Limited for a water infrastructure project. The project involves construction of a feeder canal from Isarda to Khura Chainpura to Bandh Baretha in Bharatpur, Rajasthan, with a total project cost of Rs. 2,905 Crores including GST. The project will be executed on Hybrid Annuity Model with a completion period of 27 months, followed by 20 years of operations and maintenance. The appointed date has been declared as April 29, 2026.

Likely market impact

This announcement confirms a major project award becoming officially effective. With a project cost of Rs. 2,905 Crores, this represents substantial future revenue visibility for Dilip Buildcon. The Hybrid Annuity Model provides predictable cash flows over the project and O&M period, which could positively influence investor sentiment.