+
Dilip Buildcon Bags Rs 25,243.2 mn Chhattisgarh Canal Project
Real Estate

Dilip Buildcon Bags Rs 25,243.2 mn Chhattisgarh Canal Project

Dilip Buildcon has been declared the lowest bidder for a major canal project awarded by the Water Resources Department, Government of Chhattisgarh. The order is valued at Rs 25,243.2 million (mn) excluding GST and covers construction of the Sikasar to Kodar Reservoir Link Canal pipeline along with testing, trial runs, commissioning and operation and maintenance for five years after completion. The project is part of the Pairy Project Scheme and will be executed on a lump-sum basis with a completion timeline of 30 months. The company was identified as L-1 in a competitive tender and the award has been made by a domestic entity.

The scope of work includes end to end delivery of the reservoir link canal pipeline and associated systems, with the contractor responsible for system commissioning and subsequent operation and maintenance for five years. Dilip Buildcon clarified that neither its promoters nor promoter group companies have any interest in the awarding entity and that the contract does not constitute a related party transaction. Earlier this month the company secured an Rs 1,602 million (mn) EPC contract from Odisha Bridge and Construction Corporation to build a six lane diversion road with service roads in Sundargarh district, with completion scheduled within 18 months.

Shares of Dilip Buildcon rose to intraday highs following the order win but pared most gains and were trading at Rs 437.65 as of 12.01 pm on Tuesday, down one point three five per cent. The stock has declined nearly eight per cent in 2026 so far, reflecting broader market pressures on infrastructure names.

The contract award reinforces the company's order book and underscores its role in large scale water resources projects, while the five year operation and maintenance obligation will extend post construction responsibilities. Execution on a lump-sum basis and the 30 month delivery horizon will be important metrics for project performance and cash flow realisation over the life of the contract.

Dilip Buildcon has been declared the lowest bidder for a major canal project awarded by the Water Resources Department, Government of Chhattisgarh. The order is valued at Rs 25,243.2 million (mn) excluding GST and covers construction of the Sikasar to Kodar Reservoir Link Canal pipeline along with testing, trial runs, commissioning and operation and maintenance for five years after completion. The project is part of the Pairy Project Scheme and will be executed on a lump-sum basis with a completion timeline of 30 months. The company was identified as L-1 in a competitive tender and the award has been made by a domestic entity. The scope of work includes end to end delivery of the reservoir link canal pipeline and associated systems, with the contractor responsible for system commissioning and subsequent operation and maintenance for five years. Dilip Buildcon clarified that neither its promoters nor promoter group companies have any interest in the awarding entity and that the contract does not constitute a related party transaction. Earlier this month the company secured an Rs 1,602 million (mn) EPC contract from Odisha Bridge and Construction Corporation to build a six lane diversion road with service roads in Sundargarh district, with completion scheduled within 18 months. Shares of Dilip Buildcon rose to intraday highs following the order win but pared most gains and were trading at Rs 437.65 as of 12.01 pm on Tuesday, down one point three five per cent. The stock has declined nearly eight per cent in 2026 so far, reflecting broader market pressures on infrastructure names. The contract award reinforces the company's order book and underscores its role in large scale water resources projects, while the five year operation and maintenance obligation will extend post construction responsibilities. Execution on a lump-sum basis and the 30 month delivery horizon will be important metrics for project performance and cash flow realisation over the life of the contract.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Emiza Expands Bhiwandi Fulfilment Capacity by 2.32 Lakh Sq Ft

Emiza, a leading third-party logistics (3PL) provider, has expanded its Mumbai operations with the launch of two new fulfilment facilities in Bhiwandi, adding a combined capacity of 2.32 lakh sq ft to its network.The new facilities, spread across 75,000 sq ft and 1,57,000 sq ft, mark Emiza’s fifth and sixth warehouses in the Mumbai region. The expansion strengthens the company’s fulfilment infrastructure in Western India amid the rapid growth of India’s digital commerce ecosystem.With increasing online consumption, wider product categories and rising customer expectations for faster deli..

Next Story
Infrastructure Urban

Ingersoll Rand Showcases Air Solutions for Semiconductor Sector

Ingersoll Rand will showcase its advanced compressed air solutions for India’s growing semiconductor ecosystem at SEMICON India 2026, scheduled from September 17–19 at Yashobhoomi, New Delhi.The company will display its portfolio of oil-free compressors, centrifugal compression technologies and advanced air treatment systems at Stall No. 1156, Hall No. 1. The solutions are designed to address the stringent air quality, reliability and efficiency requirements of semiconductor manufacturing applications.With India accelerating investments across semiconductor manufacturing, packaging, equipm..

Next Story
Infrastructure Energy

RECPDCL Transfers Musalgaon Transmission SPV to MSETCL

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over Musalgaon Power Transmission Limited, a project-specific Special Purpose Vehicle (SPV), to Maharashtra State Electricity Transmission Company Limited (MSETCL).MSETCL emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for developing Maharashtra’s intra-state transmission project on a Build, Own, Operate and Transfer (BOOT) basis.The SPV was handed over by Shri Ratnesh Kumar, General Manag..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code