Dilip Buildcon JV Secures ₹1,503 Crore Gurugram Metro Corridor Contract; Share Price in Focus

Dilip Buildcon Limited, on August 18, 2025, said its joint venture with RBL has received a Letter of Acceptance (LoA) for the construction of a metro corridor in Gurugram. The order is valued at ₹1,503.63 crore and has been issued by Gurugram Metro Rail.

Project Scope and Timeline

The contract covers the construction of a viaduct and 14 elevated stations from Millennium City Centre to Sector 9, spanning chainage (-)381 metres to 12,603 metres. It also includes a 1.85 km spur to the Dwarka Expressway, a ramp to the Sector 33 depot, and an underpass at Bhaktawar Chowk.

In total, the corridor and spur will have 27 stations. Architectural finishing and pre-engineered building works are not part of the contract.

According to the company’s filing, the project is to be completed within 30 months from the date of award.

Dilip Buildcon’s Earlier Bid Status

The company had earlier disclosed that the DBL-RBL joint venture was declared the lowest bidder for this contract. The bid, submitted at ₹1,503.6 crore, has now been finalised with the LoA.

Read more: Dilip Buildcon Wins Rajasthan Water Grid Project Worth ₹2952 Crores!

Dilip Buildcon Q1FY26 Earnings Results

In Q1 FY26, the company posted revenue from operations of ₹2,620 crore, representing a 15.37% sequential decline from ₹3,096 crore in Q4 FY25 and a 16.40% drop compared to ₹3,134 crore in Q1 FY25.   However, despite the contraction in revenue, EBITDA (excluding other income) came in at ₹520 crore, up 8.79% year-on-year from ₹478 crore, though lower by 21.33% against ₹661 crore in the preceding quarter.

Dilip Buildcon Share Price Performance 

As of 10:38 AM on August 19, 2025, Dilip Buildcon share price was trading at ₹489.45, up 0.25 points or 0.05% from the previous closing price.

Conclusion

With the LoA in place, construction of the Gurugram Metro corridor and spur line is set to begin. The contract is scheduled for completion within 30 months.

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