Dilip Buildcon backed as L-1 bidder for Rs 1400-cr project

12 Jul 2022 CW Team

Dilip Buildcon has been awarded as the lowest bidder for the 'Gandhisagar-2 Multi-Village Scheme' in Madhya Pradesh.

The project entails the engineering, procurement, construction, testing, commissioning, trial run, and operation and maintenance of various Gandhisagar-2 multi-village schemes, districts Mandsaur and Neemuch components in a single package on a “turn-key” job basis, as well as the trial run and operation and maintenance of the entire Madhya Pradesh water supply scheme for ten years. The project is expected to be completed in 24 months, with a 15-year operational duration after commercial operations begin.

Furthermore, the National Highway Authority of India (NHAI) awarded a project worth Rs 1,060 crore to Bangarupalem Gudipala Highways, a fully owned subsidiary of Dilip Buildcon, for the construction of a four-lane Bengaluru-Chennai expressway in Andhra Pradesh on a hybrid-annuity mode (Phase III Package III) with a 24-month completion deadline.

With the project declaration, the share price of the company rose by 2.92% though the company reported a 15% decline in sales in quarter 4 of FY22.

Also Read:
Telangana allots Rs 1200 cr for ORR phase-II drinking water plan
J&K administration to upgrade drinking water infra in Anantnag

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..