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The project pertains to the Barpali Loading Bulb at Kusara, under the jurisdiction of the Deputy Chief Engineer (Construction), Jharsuguda, Chakradharpur Division, South Eastern Railway, and is to be completed within 24 months.
The company clarified that neither its promoters nor members of the promoter group hold any interest in the awarding authority, and the transaction does not constitute a related-party transaction under applicable regulations.
Dilip Buildcon is presently in the business of development of infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various government and other parties and special purpose vehicles promoted by the company.
The company's consolidated net profit soared 93.57% to Rs 271 crore in Q1 FY26, compared with Rs 140 crore in Q1 FY25. However, revenue from operations fell 16.40% year on year (YoY) to Rs 2,620 crore in Q1 FY26.
The counter rose 0.04% to Rs 483 on the BSE.
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