Dilip Buildcon Wins Rs 52.5bn Bihar Road, Karnataka Power Jobs

31 Dec 2025 CW Team

Shares of Dilip Buildcon rose 3.80 per cent to Rs 484.25 after the company announced it had secured a letter of award for a major road construction project in Bihar.

The road project, valued at Rs 34 billion, has been awarded by Adani Road Transport, with the Bihar State Road Development Corporation named as the employer. The contract involves the engineering, procurement and construction of the Ganga Path, connecting the Sultanganj–Bhagalpur–Sabour Road. Executed on a back-to-back basis, the scope covers end-to-end activities from design and engineering to testing and commissioning. The project spans a construction length of 41.09 km and is scheduled to be completed within 42 months.

In a separate regulatory filing, Dilip Buildcon said it has also emerged as the successful bidder for a major power transmission project in Karnataka, valued at Rs 18.5 billion. The contract has been awarded by REC Power Development and Consultancy Limited.

The project involves the establishment of a 400/220/33 kV substation at Mekhali in Belagavi district, along with associated 400 kV and 220 kV transmission lines. It will be executed on a build, own, operate and transfer (BOOT) basis. Under the agreement, Dilip Buildcon will acquire 100 per cent equity in a special purpose vehicle that will act as the transmission service provider for 35 years from the commercial operation date.

The project was awarded through a tariff-based competitive bidding process and will operate under a transmission service agreement. Construction and commissioning are expected to be completed within 24 months.

Dilip Buildcon is engaged in the development of infrastructure projects on an engineering, procurement and construction basis, undertaking contracts for government bodies and special purpose vehicles.

On the financial front, the company reported a 22.8 per cent year-on-year decline in consolidated net profit to Rs 1.81 billion in Q2 FY26, compared with Rs 2.35 billion in Q2 FY25. Revenue from operations also fell 22.9 per cent year on year to Rs 19.26 billion during the quarter.

Shares of Dilip Buildcon rose 3.80 per cent to Rs 484.25 after the company announced it had secured a letter of award for a major road construction project in Bihar. The road project, valued at Rs 34 billion, has been awarded by Adani Road Transport, with the Bihar State Road Development Corporation named as the employer. The contract involves the engineering, procurement and construction of the Ganga Path, connecting the Sultanganj–Bhagalpur–Sabour Road. Executed on a back-to-back basis, the scope covers end-to-end activities from design and engineering to testing and commissioning. The project spans a construction length of 41.09 km and is scheduled to be completed within 42 months. In a separate regulatory filing, Dilip Buildcon said it has also emerged as the successful bidder for a major power transmission project in Karnataka, valued at Rs 18.5 billion. The contract has been awarded by REC Power Development and Consultancy Limited. The project involves the establishment of a 400/220/33 kV substation at Mekhali in Belagavi district, along with associated 400 kV and 220 kV transmission lines. It will be executed on a build, own, operate and transfer (BOOT) basis. Under the agreement, Dilip Buildcon will acquire 100 per cent equity in a special purpose vehicle that will act as the transmission service provider for 35 years from the commercial operation date. The project was awarded through a tariff-based competitive bidding process and will operate under a transmission service agreement. Construction and commissioning are expected to be completed within 24 months. Dilip Buildcon is engaged in the development of infrastructure projects on an engineering, procurement and construction basis, undertaking contracts for government bodies and special purpose vehicles. On the financial front, the company reported a 22.8 per cent year-on-year decline in consolidated net profit to Rs 1.81 billion in Q2 FY26, compared with Rs 2.35 billion in Q2 FY25. Revenue from operations also fell 22.9 per cent year on year to Rs 19.26 billion during the quarter.

Infrastructure Urban

20 Jan 2026

NBCC Wins Rs 550m IOB Office Project In Raipur

State-owned construction major NBCC India Ltd has secured a new domestic work order worth around Rs 550.2 million from Indian Overseas Bank (IOB) in the normal course of business, according to a regulatory filing. The project involves planning, designing, execution and handover of IOB’s new Regional Office building at Raipur. The contract has been awarded under NBCC’s project management consultancy (PMC) operations and excludes GST. NBCC said the order further strengthens its construction and infrastructure portfolio. The company clarified that the contract is not a related party transac..

Infrastructure Urban

20 Jan 2026

Krystal Wins Rs 2.75bn Vasai–Virar Waste Deals

Krystal Integrated Services Ltd has secured three major municipal solid waste management contracts from the Vasai–Virar City Municipal Corporation (VVCMC) valued at around Rs 2.75 billion. The contracts will run for five years, along with a three-month preparatory phase. The mandates cover end-to-end sanitation services in compliance with the Solid Waste Management Rules, 2016. Krystal will undertake door-to-door waste collection, segregation and transportation, street sweeping and cleaning of public areas across residential, commercial, institutional and notified zones in the three wards. ..

Infrastructure Energy

20 Jan 2026

Salasar Bags Rs 687m GIS Substation In Puducherry

Salasar Techno Engineering has secured a Rs 686.7 million Gas Insulated Substation (GIS) project from Power Grid Corporation of India for the Puducherry Electricity Department (PED). Awarded in December 2025, the contract covers design, engineering, supply, erection, testing and commissioning of a 110/22 kV GIS substation at Lawspet, Puducherry. The project is aimed at strengthening regional power distribution, improving grid reliability and supporting future demand arising from urban and economic expansion. Shashank Agarwal, Managing Director of Salasar Techno Engineering, said the order ma..