The Indian equity benchmark indices were trading lower on Friday, December 26, 2025, weighed down by selling pressure in heavyweights such as HDFC Bank and ICICI Bank. In contrast, the broader markets outperformed, with the Nifty Midcap and Smallcap indices trading in the green, reflecting selective buying interest.
Amid this relative strength in the broader market, Dilip Buildcon Ltd (DBL) shares gained attention after posting sharp intraday gains.
Dilip Buildcon’s share price surged over 3% on Friday to hit a fresh one-month high of ₹491.70 per share on the NSE. The infrastructure stock remained in focus following two positive developments announced by the company, which supported investor sentiment.
On Friday, DBL announced that it has received a Letter of Award (LOA) from Adani Road Transport Limited (ARTL) on a back-to-back basis for the construction of the Ganga Path connecting Sultanganj–Bhagalpur–Sabour Road under the EPC mode. The employer for the project is Bihar State Road Development Corporation Limited.
Nature of work:Execution of EPC (Engineering, Procurement and Construction) works on a back-to-back basis for the construction of the Ganga Path. The scope includes design, engineering, procurement, construction, testing and commissioning of the project.
Size of contract: The total contract value stands at ₹3,400 crore, with a construction period of 42 months from the commencement date.
In another key development, DBL has been selected as the successful bidder by REC Power Development and Consultancy Limited (RECPDCL) for establishing a 400 kV sub-station at Mekhali, along with associated transmission lines in Belagavi district, Karnataka. The project tenure is 35 years from the Commercial Operation Date (COD).
RECPDCL acted as the Bid Process Coordinator on behalf of the Government of Karnataka.
The project involves the establishment of a 400/220/33 kV AIS sub-station at Mekhali, along with associated 400 kV and 220 kV transmission lines. It will be executed on a Build, Own, Operate and Transfer (BOOT) basis under the Tariff Based Competitive Bidding (TBCB) route.
The RECPDCL order is valued at ₹1,850 crore (excluding GST) and falls under the tariff-based annuity model. Construction and commissioning are expected to be completed within 24 months from the effective date.
The company further stated that for the Karnataka transmission project, it will acquire 100 percent equity in the project SPV, which will act as the Transmission Service Provider for a period of 35 years from the COD.
As per the latest disclosure, DBL’s total order book stands at ₹18,160 crore. A significant portion of the order book is contributed by the irrigation segment at 26% and the mining segment at 22%. Combined, these two segments account for orders worth ₹8,906 crore.
As of 1:39 PM on December 26, 2025, DBL shares were trading at ₹481, up by 3.26% on the NSE. On a year-to-date basis, the stock has gained around 7%.
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