Dilip Buildcon wins ₹1,115 cr Kerala industrial corridor project as lowest bidder

Dilip Buildcon Ltd (DBL) has been declared the lowest (L-1) bidder for a major industrial corridor project in Kerala, valued at ₹1,115.37 crore. The project, awarded by the Kerala Industrial Corridor Development Corporation, involves the design, construction, testing, commissioning, and operation and maintenance of infrastructure works at Pudussery Central and Kannambra in Palakkad.

It forms part of the extension of the Chennai

–Bengaluru Industrial Corridor (CBIC) to Kochi via Coimbatore. The EPC contract is to be executed over 42 months, the company said in a stock exchange filing.

Ahead of the announcement, shares of Dilip Buildcon closed 0.53% lower at ₹556.50 on the NSE.

The new order adds to the company’s robust pipeline. Last month, DBL announced that its joint venture with RBL Bank had secured the lowest bid for a ₹1,503.6 crore Gurugram Metro rail project, covering the Millennium City Centre–Cyber City corridor and a spur to Dwarka Expressway, with 27 stations planned.

Also Read: KEC International shares gain nearly 8% after winning orders worth ₹3,243 crore in UAE, Americas



Financially, DBL reported a 93.6% year-on-year surge in consolidated net profit to ₹271 crore for Q1 FY26, aided by improved margins and an exceptional gain. EBITDA rose 8.7% to ₹520 crore, with margins expanding to 19.8%. However, revenue dipped 16.4% to ₹2,620 crore, reflecting muted EPC activity.

As of June 30, 2025, DBL’s order book stood at ₹13,695 crore, led by mining (28.9%) and roads/highways (17.8%), with contributions from irrigation, tunnels, water supply, urban development, and metro projects.

The latest Kerala order reinforces Dilip Buildcon’s position as a key EPC player across roads, metro, and industrial corridor infrastructure, underpinning its growth trajectory despite sectoral challenges.