Dilip Buildcon Limited, through its DBL-RBL joint venture, has been declared the L-1 bidder for an engineering, procurement and construction contract by the Narmada Water Resources Water Supply and Kalpasar Department, Government of Gujarat. The order relates to the designing and construction of the Ged Barrage and associated protection works and allied activities and is valued at Rs. 2,680 million (mn) excluding GST under an EPC mode. The company said the bid status follows the tender evaluation and award process undertaken by the state department.

The scope encompasses works across the river Sabarmati between Hirpura barrage and Lakroda weir in Prantij taluka of Sabarkantha district and includes operation and maintenance for 10 years. The contract is to be executed within a completion period of 24 months and covers civil, hydraulic and allied engineering works required for barrage construction and river protection. The works will also include measures for bank stabilisation, protection of existing structures and other complementary activities necessary to secure the project site.

The order was awarded by a domestic arm of the Gujarat government and does not constitute a related party transaction, with no promoter group interest in the awarding entity. The company has furnished detailed disclosures in line with listing obligations and relevant SEBI circulars and has filed an annexure with the exchanges describing key terms, timelines and the broad consideration. The disclosure references the applicable provisions under the listing regulations and adheres to the prescribed format for material events.

The company indicated that the trading window for designated persons and connected parties remains closed under its code for prevention of insider trading and will reopen 48 hours after the declaration of financial results for the quarter ended 31 March 2026. The firm has requested the exchanges to take the information on record and the announcement has been authorised by the company secretary on behalf of the board.