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Dilip Buildcon Shares Edge Higher After Securing ₹5,000-Crore Mining Contract
Shares of Dilip Buildcon moved up by nearly 2% after the company announced that it had
emerged as the lowest (L-1) bidder for a major contract floated by National Aluminium Company
(NALCO). The project, valued at around ₹5,000 crore, marks a significant addition to Dilip
Buildcon’s long-term order book.
As per details shared through an exchange filing, the mandate covers the complete Mine
Developer and Operator (MDO) responsibilities for NALCO’s Pottangi Bauxite Mines. This also
includes setting up the Overland Conveyor Corridor (OLCC) along with several associated
infrastructure components. The entire project is planned to run for 25 years, making it one of the
company’s lengthiest operational commitments.
The company further clarified that its promoters have no stake or interest in NALCO or the
tendering process, ensuring that the contract does not fall under the related-party category.
Dilip Buildcon, known for its work in infrastructure development and EPC projects, continues to
diversify its portfolio by taking on large-scale mining and operational assignments.
Financially, the company has faced some pressure, reporting a 22.8% dip in consolidated profit
for Q2 FY26 with earnings at ₹181.49 crore. Revenue also slid by nearly the same margin to
₹1,925.89 crore compared to the previous year.
Meanwhile, NALCO itself reported a strong quarter. Its standalone profit rose nearly 35% year-
on-year to ₹1,433.17 crore, supported by a modest 7% growth in revenue. Despite the upbeat
earnings, NALCO’s stock saw a minor decline on the BSE.