/images/ppid_59c68470-image-176535502571959175.webp)
/images/ppid_59c68470-image-176509504460634073.webp)
What is the story about?
Dilip Buildcon Ltd. (DBL) on Wednesday, December 10, said it has received a Letter of Award (LoA) from state-run National Aluminium Company Ltd. (NALCO) for a ₹5,000 crore mining development and operations (MDO) project at the Pottangi bauxite mines in Odisha.
State-owned NALCO announced on Tuesday, December 9, that its board of directors had approved the proposal to award the mining contract to Dilip Buildcon Ltd, which emerged as the L-1 bidder.
The company had earlier disclosed on November 24 that it had emerged as the lowest bidder for the project .
The contract covers the development and operation of the mine along with construction of an Overland Conveyor Corridor (OLCC), road infrastructure, water intake facilities and other allied works. The project will run for 25 years.
According to the exchange filing, the EPC portion of the contract, covering OLCC, roadworks, water intake systems, and initial mining and transportation, is spread over the first three years and is valued at ₹1,750 crore for handling 7 million tonnes of material.
This will be followed by a 22-year mining contract to handle an estimated 77 million tonnes, valued at ₹3,250 crore at current mining charges of ₹423 per tonne.
DBL added that the trading window for its insiders and designated persons will remain closed until 48 hours after the information becomes public, in line with insider trading regulations.
The infrastructure company reported a 22.8% fall in its net profit to ₹182 crore for the quarter ended September 2025 from ₹235 crore during the same period last year. Revenue for the quarter fell 21.8% year-on-year to ₹1,925 crore from ₹2,461 crore, and EBITDA for the quarter dropped 5.8% to ₹470.6 crore from ₹499.5 crore in the same quarter last year. However, the company’s operating margin improved to 24.5% from 20.3% a year earlier.
Shares of the company were trading 1.91% down at ₹454.60, falling from the day's highs of ₹478.15. The stock has dropped 14.47% in the last six months.
Catch live market updates with CNBC-TV18.com's blog
State-owned NALCO announced on Tuesday, December 9, that its board of directors had approved the proposal to award the mining contract to Dilip Buildcon Ltd, which emerged as the L-1 bidder.
The company had earlier disclosed on November 24 that it had emerged as the lowest bidder for the project .
The contract covers the development and operation of the mine along with construction of an Overland Conveyor Corridor (OLCC), road infrastructure, water intake facilities and other allied works. The project will run for 25 years.
According to the exchange filing, the EPC portion of the contract, covering OLCC, roadworks, water intake systems, and initial mining and transportation, is spread over the first three years and is valued at ₹1,750 crore for handling 7 million tonnes of material.
This will be followed by a 22-year mining contract to handle an estimated 77 million tonnes, valued at ₹3,250 crore at current mining charges of ₹423 per tonne.
DBL added that the trading window for its insiders and designated persons will remain closed until 48 hours after the information becomes public, in line with insider trading regulations.
The infrastructure company reported a 22.8% fall in its net profit to ₹182 crore for the quarter ended September 2025 from ₹235 crore during the same period last year. Revenue for the quarter fell 21.8% year-on-year to ₹1,925 crore from ₹2,461 crore, and EBITDA for the quarter dropped 5.8% to ₹470.6 crore from ₹499.5 crore in the same quarter last year. However, the company’s operating margin improved to 24.5% from 20.3% a year earlier.
Shares of the company were trading 1.91% down at ₹454.60, falling from the day's highs of ₹478.15. The stock has dropped 14.47% in the last six months.
Catch live market updates with CNBC-TV18.com's blog
/images/ppid_59c68470-image-176529006544042879.webp)
/images/ppid_59c68470-image-176527008186440856.webp)
/images/ppid_59c68470-image-176528504036840584.webp)
/images/ppid_59c68470-image-176533754350969195.webp)
/images/ppid_59c68470-image-176518002714954489.webp)
/images/ppid_59c68470-image-176519253087291301.webp)
/images/ppid_a911dc6a-image-176521025398674929.webp)
