Shares of Dilip Buildcon Ltd soared 4% on 5 September after the company was declared as the lowest bidder (L1) for the tender released by the Konkan Railway Corporation.

The project involves building a four-lane approach road and a Twin Tube Unidirectional Tunnel (with two lanes in each traffic direction) on an Engineering, Procurement & Construction (EPC) basis in the Kerala State districts of Kozhikode and Wayanad. This will enable direct connectivity between Anakkampoyil, Kalladi, and Meppadi.

Earlier on 8 April, the company announced an order from Haryana Rail Infrastructure Development Corporation Ltd worth Rs 1,092.46 crore for constructing railway lines in the state. The scope of the order includes designing and constructing a 21.14 km long railway line between Prithla and Dhulawat in Haryana, along with the design and construction of civil works, viaduct and ballastless track. 

For the quarter that concluded in June 2024, the company reported a net profit of Rs 119.49 crore, an increase of 842.24% over the same period the year prior.

At 12:45 pm, the shares of Dilip Buildcon were trading 1.39% higher at Rs 559.30 on NSE.

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