Dilip Buildcon Ltd (DBL) has been declared the lowest (L-1) bidder for a major infrastructure project under the Kerala Industrial Corridor Development Corporation, valued at ₹1,115.37 crore. The project involves the design, construction, testing, commissioning, and operations and maintenance (O&M) of industrial corridor infrastructure at Pudussery Central and Kannambra in Palakkad.
The initiative forms part of the planned extension of the Chennai–Bengaluru Industrial Corridor (CBIC) to Kochi via Coimbatore, a strategic infrastructure link aimed at improving connectivity and industrial growth in southern India. The EPC contract is scheduled to be completed within 42 months, as per the company’s stock exchange disclosure.
Strengthening Project Pipeline
This order adds momentum to DBL’s already diverse project portfolio. In August, the company, through a joint venture with RBL Bank, secured the lowest bid for a ₹1,503.6 crore Gurugram Metro rail project, spanning the Millennium City Centre–Cyber City corridor and a spur to the Dwarka Expressway. The metro project includes 27 stations and further underscores DBL’s growing footprint in urban and transport infrastructure.
Financial Performance
For Q1 FY26, Dilip Buildcon reported a 93.6% year-on-year rise in consolidated net profit to ₹271 crore, supported by margin expansion and exceptional gains. EBITDA increased 8.7% to ₹520 crore, with operating margins improving to 19.8%. However, revenues contracted by 16.4% to ₹2,620 crore, reflecting subdued EPC execution activity.
As of June 30, 2025, DBL maintained an order book of ₹13,695 crore, with sectoral contributions led by mining (28.9%) and roads/highways (17.8%), alongside projects in irrigation, tunnels, water supply, urban development, and metros.
Strategic Significance
The Kerala corridor project win reinforces DBL’s reputation as a key player in EPC contracting across industrial corridors, highways, and metro projects. Despite near-term revenue pressures, the company’s strong order pipeline and sectoral diversification provide a solid platform for sustained growth.
Summary
Dilip Buildcon’s ₹1,115 crore Kerala industrial corridor project win strengthens its role in strategic national infrastructure development. With a diversified ₹13,695 crore order book, recent metro project success, and strong margin growth, DBL remains well-positioned to capitalize on industrial corridor and transport infrastructure opportunities despite short-term EPC execution challenges.
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