Dilip Buildcon

Dilip Buildcon Limited (DBL) is an Indian construction and infrastructure development company based in Bhopal. It was founded by Dilip Suryavanshi in 1987 and was incorporated in the Ministry of Corporate Affairs on 12 June 2006.[4] The company is listed on both the Bombay Stock Exchange (BSE)[5] and the National Stock Exchange (NSE) since August 2016.[6][7][8][9]

Dilip Buildcon Limited
TypePublic
NSE: DBL
BSE: 540047
ISININE917M01012
IndustryInfrastructure, EPC (Engineering, Procurement and Construction)
Founded1987 (1987)
FounderDilip Suryavanshi
HeadquartersJanki Nagar, Bhopal, Madhya Pradesh, India
Key people
Dilip Suryavanshi (Chairman & MD)
Devendra Jain (CEO)
Sanjay Kumar Bansal (CFO)
Abhishek Shrivastava (Company Secretary)[1][2]
ServicesMining and Construction
RevenueIncrease ₹10,119 crore (US$1.3 billion) (FY23)[3]
Increase ₹988 crore (US$120 million) (FY23)[3]
Increase ₹221 crore (US$28 million) (FY23)[3]
Number of employees
34,262 (March 2021)
Websitewww.dilipbuildcon.com

History

Dilip Buildcon Limited (DBL) was founded in 1987 in Bhopal by Dilip Suryavanshi as a proprietorship concern called Dilip Builders. The company was incorporated as Dilip Buildcon Private Limited on 12 June 2006 as a private limited company under the Companies Act 1956 with the Registrar of Companies Gwalior. Subsequently, the company took over the business of Dilip Builders, a sole proprietorship concern, in 2007. The company registered as a public limited company in August 2010. In the initial years of its operation, the company focused on commercial and residential building projects in Madhya Pradesh.[10][11]

As business grew in the early 1990s, the company forayed into other types of construction. The first move was into water sanitation and sewage.[12][13]

The company also did structural designing and construction in the field of the oil and gas industry. At the end of the 1990s, when the new central government put forward a vision of connecting the country with roads, DBL ventured into road construction starting with a small road project.[14][15][16]

From 2012, the company started pursuing bigger road projects across the country.[17] In the meantime, the government came up with the PPP model for roads inviting attention from other industries into the sector.[18][19] DBL invested in procuring the road building equipment from around the world.[20]

In August 2016, Dilip Buildcon became a publicly-listed company through an initial public offering (IPO),[21][22] and got listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).[23]

Operations

Dilip Buildcon undertakes projects on an Engineering, Procurement and Construction (EPC) basis. This includes special bridges and tunnel. DBL is a Class A-V Firm, registered with Public Works Department Bhopal and also with the Water Resource Department Madhya Pradesh.[24]

Highways

Dilip Buildcon undertakes projects on National Highways, especially the Expressway.[25] In 2021, Dilip Buildcon's joint venture (JV) entered a pact with the National Highways Authority of India (NHAI) for a Rs 1,000-crore highway project in Rajasthan, to be built on the EPC mode.[26][27]

Metro Rail

Dilip Buildcon Limited (DBL) on 25 September 2020 launched the first 8.5-meter wide pre-cast segment at the proposed Kendriya Vidyalay metro station for building the elevated viaduct of the Bhopal Metro Rail project.[28]

Mining

DBL received an MDO contract signed in 2018 with Punjab State Power Corporation Ltd (PSPCL) for the development and operation of the Pachhwara Central coal mine. DBL bagged another Mine Developer and Operator (MDO) for development and operation of the Siarmal Open Cast Project of Mahanadi Coalfield Ltd. a subsidiary of Coal India Limited for 25 years.[29][30]

Irrigation

For the construction of 2 irrigation projects i.e. Kundaliya Dam at a cost of Rs 3,400 crore and Mohanpura Dam at Rs 3,866 crores, the Madhya Pradesh state government tendered Dilip Buildcon Ltd.[31] Mohanpura Dam at Rajgarh, a project undertaken by Dilip Buildcon, was inaugurated by the Prime Minister of India.[32]

Key projects

Awards
  • 2018 Silver Awards for Excellence in Construction Management felicitated by Nitin Gadkari.[33]

Controversy

On 7 September 2015, Savitri Bai Phule filed a complaint against Dilip Buildcon over caste remarks and threatening her with dire consequences.[34][35]

See also

References
  1. "Company Profile & Executives - Dilip Buildcon Ltd". Wall Street Journal.
  2. R, Maria. "Dilip Buildcon Captures Top Slot to Become Numero Uno". www.nbmcw.com.
  3. "Dilip Buildcon Limited" (PDF). CARE Ratings. Retrieved 2 August 2023.
  4. "Company profile of Dilip Buildcon Limited". ZaubaCorp. Retrieved 25 September 2021.
  5. "Stock Share Price | Get Quote | BSE". Bseindia.com.
  6. "Dilip Buildcon Limited". NSE India.
  7. "Check out 's stock price (DBL-IN) in real time". CNBC.
  8. "Dilip Buildcon has bright years ahead: Why it is stock pick of the week". The Economic Times.
  9. Raj, Shubham (4 March 2021). "Market Movers: What led to rally in Dilip Buildcon; PSU banks, RIL give sell signals". The Economic Times.
  10. "Dilip Buildcon Share Price, Dilip Buildcon Stock Price, Dilip Buildcon Ltd. Stock Price, Share Price, Live BSE/NSE, Dilip Buildcon Ltd. Bids Offers. Buy/Sell Dilip Buildcon Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes". www.moneycontrol.com.
  11. "Latest Dilip buildcon ltd information at www.indiainfoline.com". www.indiainfoline.comcompany.
  12. "CIL arm awards Rs 1,470 crore project to Dilip Buildcon JV". The Economic Times. 18 November 2016.
  13. Shah, Reeta (21 September 2018). "Dilip Buildcon lowest bidder for Indore Metro project". Metro Rail News.
  14. "Dilip Buildcon Ltd". Business Standard India.
  15. Naidu, Rajesh (28 April 2021). "Why construction companies look better placed during the second wave". The Economic Times.
  16. "Modi's infra push likely to double this highway builder's revenue in 4-5 years". The Economic Times. 2 March 2021.
  17. "Analyst Corner: Maintain 'buy' on Dilip Buildcon with TP of Rs 810". The Financial Express. 24 February 2021.
  18. Naidu, Rajesh (22 February 2021). "3 construction stocks that may be on the road to re-rating". The Economic Times.
  19. "Analysts bullish on PNC Infra, KNR, Dilip Buildcon". The Economic Times.
  20. "Dilip Buildcon Surges On Emerging Lowest Bidder For Two Highway Projects". NDTV.com.
  21. "GR Infraprojects IPO opens July 7, issue entirely an OFS; here's all you need to know". The Financial Express. 29 June 2021.
  22. "Modi's infra push likely to double this highway builder's revenue in 4-5 years". The Economic Times. 2 March 2021.
  23. "Dilip Buildcon (BSE:540047) - Share price, News & Analysis". Simply Wall St.
  24. "Dilip Buildcon Ltd Stock Price - (601.45), Dilip Buildcon Ltd Share Price Live Today, Dilip Buildcon LtdStock Live BSE/NSE Share Price". www.financialexpress.com.
  25. "Dilip Buildcon bags Bundelkhand Expressway Project worth Rs 1,362 cr in UP". Business Standard India. 29 November 2019.
  26. "Dilip Buildcon JV inks pact with NHAI for Rs 1,000-crore highway project in Rajasthan". The Economic Times. 28 January 2021.
  27. "HCC-DBL JV receives LoA for new BG line between Rishikesh-Karanprayag". Constructionweekonline.
  28. "Dilip Buildcon launches first pre-cast segment of Bhopal Metro Rail project". Urban Transport News.
  29. "Dilip Buildcon bags massive 25 year MDO mining contract in India for Mahanadi's Siarmal open cast coal project". International Mining. 4 March 2021.
  30. "Dilip Buildcon emerges as lowest bidder for Mahanadi Coalfields' project in Odisha". The Economic Times. 7 November 2020.
  31. "MP Becomes First State to Introduce Private Players in Agriculture Sector". NewsClick. 17 January 2020.
  32. "HCC, Dilip Buildcon JV bags Rs 4,167.7 cr contract from Narmada Water Resources dept". The Economic Times. 23 July 2020.
  33. "Dilip Buildcon bags Silver Award for Excellence in Construction Management". Business Standard India. 10 January 2019.
  34. Mishra, Alok K. N. (7 September 2015). "Man killed, cut into 10 pieces". The Times of India. Retrieved 10 February 2020.
  35. "BJP MP files FIR against company official for casteist remarks". India Today.
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