Dilip Buildcon Ltd.DBL₹489.80 +0.48%

Dilip Buildcon Ltd.has received a Letter of Acceptance (LOA) from Konkan Railway Corporation Ltd for the construction of a significant road and tunnel infrastructure project in Kerala. The project, valued at ₹1,341 crore, is to be executed on an Engineering, Procurement and Construction (EPC) basis.

The contract involves the construction of a twin-tube unidirectional tunnel, with two lanes in each direction, across the Kozhikode and Wayanad districts of Kerala. Spanning 8.275 km, the project also includes the development of a four-lane approach road providing direct connectivity between Anakkampoyil, Kalladi, and Meppadi, a region known for its challenging terrain and strategic importance.

The project, classified under Package-II, is scheduled to be completed within 48 months from the commencement date. It is expected to significantly improve travel time, safety, and all-weather connectivity in a region prone to landslides and seasonal disruption, while also boosting tourism and regional development.

This latest win underscores Dilip Buildcon’s growing presence in complex infrastructure projects across India, especially in difficult terrains, and further strengthens its order book in the transportation segment.

Over the last three years, this stock has given multibagger returns of more than 145%.

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Note: The stock price mentioned is as of 2:40 PM.

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