Dilip Buildcon Bags Rs 698 Cr Gujarat Order, Stock Set for Action After 20% Crash

• Dilip Buildcon received a Letter of Acceptance for a Rs 698.49 crore project from the Gujarat government.
• The project involves constructing a flood protection embankment on the Narmada River in Bharuch district on an EPC basis.
• This 24-month project comes after the company's stock crashed over 20% in the last 6 months.
• Earlier this month, Dilip Buildcon was also the lowest bidder for a Rs 160.2 crore road construction project in Odisha.
• The Odisha project, a six-lane corridor including a service road, is to be completed in 18 months on an EPC basis.