DBL

Feb 14 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• DILIP BUILDCON DEC-QUARTER CONSOL NET PROFIT 1.15 BILLION RUPEES

• DILIP BUILDCON LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 25.9 BILLION RUPEES

Source text: ID:nBSE59jrPd

Further company coverage: DIBL.NS

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Nov 12 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• DILIP BUILDCON - CONSORTIUM DECLARED AS LOWEST BIDDER FOR PROJECT WORTH 16.25 BILLION RUPEES

• DILIP BUILDCON - CONSORTIUM DECLARED L1 IN BSNL BROADBAND CONNECTIVITY PROJECT

Source text: [ID:]

Further company coverage: DIBL.NS

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** Ashoka Buildcon ABDL.NS rises 4.2% to 262 rupees, the biggest intraday pct gain since Oct. 8

** Construction co gets project worth 11.27 bln rupees ($134 mln) from Brihanmumbai Municipal Corporation to build a flyover in Mumbai

** ABDL rated "buy" on avg, same as peer Dilip Buildcon DIBL.NS; median PT on ABDL is 247 rupees - LSEG

** Stock last up 2.4%

** ABDL up 85% YTD vs 34% rise in DIBL

($1 = 84.0520 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Ashoka Buildcon ABDL.NS jump 3.2% to hit a record high for second straight session

** The highways developer said land under its real estate portfolio has been sold for 4.53 bln rupees (about $54 mln)

** Over 6 mln shares traded in 30 mins of open, 3.5x the 30-day avg

** Stock's all-time high of 275.91 rupees is nearly 12% above analysts' median price target of 247 rupees -LSEG data

** Stock has nearly doubled YTD, more than HG Infra's HGIN.NS 80% jump and Dilip Buildcon's DIBL.NS 43% gain

($1 = 83.9470 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Sept 5 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• DECLARED AS L-1 BIDDER FOR PROJECT

• DECLARED AS L-1 BIDDER FOR PROJECT WITH BID PROJECT COST OF 13.41 BILLION RUPEES

Source text for Eikon: ID:nBSEbPMPdc

Further company coverage: DIBL.NS

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** Shares of infra developer Dilip Buildcon DIBL.NS rise 3%

** Tribunal orders National Highways Authority of India (NHAI) to pay 166.6 mln rupees ($1.9 mln) to DIBL

** DIBL had invoked arbitration against Punjab's public works department seeking relief after delays and breaches in a project it bagged from NHAI in 2016

** Damages due to delays in payment of bonus for early completion, release of bank guarantees among others, according to tribunal

** Stock up 44% in 2024 so far

($1 = 83.9320 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Aug 5 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• DILIP BUILDCON LTD - TO CONSIDER ISSUANCE OF NON-CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSE62pdpF

Further company coverage: DIBL.NS

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** Nifty infrastructure index .NIFTYINFR extends losses after India budget retains capex outlay

** NIFTYINFR sheds 0.5%, before budget was down 0.2%

** India government retains capex outlay on Tuesday's budget from interim budget announced in Feb 2024

** Infrastructure was widely expected to be among key focus of this budget

** Expected infra focus spurred hopes that capex will be raised, said Kranthi Bathini, Wealthmills Securities

** Construction bellwether Larsen and Toubro LART.NS fall 2.2%

** Wagon makers Titagarh Rail Systems TITG.NS and Texmaco TEXA.NS fall 1.8% and 2.1%

** Road makers Dilip Buildcon DIBL.NS and IRB Infrastructure Developers IRBI.NS down ~1% each

(Reporting by Hritam Mukherjee in Bengaluru)

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July 15 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• TRANSFERRED 26 % STAKE IN UNIT TO ALPHA ALTERNATIVES HOLDINGS

• CONSIDERATION RECEIVED AT 307.9 MILLION RUPEES

Source text for Eikon: ID:nBSE5yqr3P

Further company coverage: DIBL.NS

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** Indian road developers must work to diversify across segments since "their ability to win adequate road orders at desired margins" is "under question", says brokerage Nuvama

** Brokerage flags high competition and ordering activity lull in first two months of FY25

** Road construction declined 12% y/y in April-May period with no new projects from National Highways Authority of India (NHAI) - note

** Nuvama says interim budget's 3% y/y rise in road capex is "muted" and "accentuates the concerns on road awards"

** Brokerage prefers PNC Infratech PNCI.NS for "robust balance sheet", stock up 2.2% on the day

** Rivals IRB Infrastructure Developers IRBI.NS and Dilip Buildcon DIBL.NS up 0.4% and 0.8% respectively

** Road capex allocation in July budget to "watch out for"; with elections behind, muted road ordering trend seen in FY24 may change by end-FY25 - note

(Reporting by Hritam Mukherjee in Bengaluru)

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May 10 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• DILIP BUILDCON LTD MARCH-QUARTER CONSOL NET PROFIT 53.4 MILLION RUPEES VERSUS LOSS 731.6 MILLION RUPEES

• DILIP BUILDCON LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 33.66 BILLION RUPEES VERSUS 28.41 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: DIBL.NS

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** Shares of Larsen & Toubro LART.NS up as much 1.5% in volatile session ahead of Q4 results later in the day; last up 0.8%

** Analysts expect low single-digit pct profit growth for infra firm, per LSEG data, while LART has reported double-digit pct growth for last seven quarters

** Engineering and construction segment expected to contribute to rev growth; firm projected to perform well compared to peers due to order book strength - Elara Capital

** Smaller peers Dilip Buildcon DIBL.NS and IRB Infrastructure IRBI.NS up 3.7% and 3.1%, respectively

** Separately, LART on Wednesday said its power transmission and distribution unit secured order worth 50 bln rupees-100 bln rupees ($598.8 mln-$1.20 bln)

** Analysts' rating for LART is "buy"; median PT 4,051 rupees - LSEG

** LART down 2% YTD vs 2.6% rise in benchmark Nifty 50 .NSEI

($1 = 83.4990 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

April 29 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• HAD INVOKED ARBITRATION AGAINST NATIONAL HIGHWAYS AUTHORITY OF INDIA

• ARBITRAL TRIBUNAL PRONOUNCED AWARD WITH FINANCIAL IMPLICATION OF 536.9 MILLION RUPEES

• NHAI IS LIABLE TO PAY DILIP BUILDCON SAID AMOUNT

Source text for Eikon: ID:nBSEK8hpy

Further company coverage: DIBL.NS

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** Shares of construction firm Dilip Buildcon DIBL.NS up 3.3%, paring back gains of 7% in opening minutes of trade

** DIBL on track for a fourth consecutive session of gains

** Co wins project worth 10.92 bln rupees ($131.2 mln) floated by the Haryana Rail Infrastructure Development Corp

** More than 809,000 shares change hands in early trade, 1.2x the 30-day avg

** Average rating of four analysts covering the stock is "buy"; median PT is 449 rupees - LSEG data

** DIBL up 26% YTD, while peers Larsen and Toubro LART.NS, Rail Vikas RAIV.NS and GMR Airports Infrastructure GMRI.NS are up between 6%-44%

($1 = 83.2270 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

April 8 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• DECLARED AS L-1 BIDDER FOR PROJECT "HRIDC - EPC -PRITHLA TO DHULAWAT"

• DECLARED AS L-1 BIDDER FOR BID PROJECT COST 10.92 BILLION RUPEES

Source text for Eikon: ID:nBSE3KJJPR

Further company coverage: DIBL.NS

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** Shares of construction firm Dilip Buildcon DIBL.NS up ~2% after hitting session's high of 3% earlier

** Co transferred 26% stake from three units to asset management firm Alpha Alternatives in a deal worth 1.09 bln rupees ($13.1 mln)

** Stock has been trading over its 200-day simple moving avg since June 2023, volumes over 605,000 shares

** Stock on track for fourth straight session of gains, longest winning streak since early Jan.

** Including session's gains, stock up 21% YTD vs 77% surge in 2023

** Peer firm HG Infra HGIN.NS is up ~28% YTD, Ashoka Buildcon has gained ~21%

($1 = 83.3700 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Dilip Buildcon Ltd DIBL.NS:

• DILIP BUILDCON LTD- TRANSFERRED 26 % STAKE IN UNITS TO ALPHA ALTERNATIVES HOLDINGS

• DILIP BUILDCON LTD- DEAL FOR 1.09 BILLION RUPEES

Source text for Eikon: ID:nBSE4YLT2v

Further company coverage: DIBL.NS

March 18 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• GETS LOA WORTH 4.13 BILLION RUPEES

Source text for Eikon: ID:nBSE8ndv9S

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March 8 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• DECLARED AS L-1 BIDDER FOR TENDER FLOATED BY THE NATIONAL HIGHWAYS AUTHORITY OF INDIA

• BID PROJECT COST EXCLUDING GST AT 5.48 BLN RUPEES FOR NHAI PROJECT

Source text for Eikon: [ID:]

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Feb 22 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• DILIP BUILDCON - UNIT EXECUTED CONCESSION AGREEMENT WITH PUBLIC WORKS DEPARTMENT, GOVERNMENT OF GOA

• DILIP BUILDCON - PROJECT COST 2.71 BILLION RUPEES

Source text for Eikon: ID:nBSE19Nkq6

Further company coverage: DIBL.NS

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** Shares of Dilip Buildcon DIBL.NS up 3.7% at 467 rupees

** Construction firm, through a joint venture, declared as the lowest bidder for a project worth 4.13 bln rupees ($49.8 mln), floated by central India's Madhya Pradesh state

** Stock has been trading above its 200-day moving avg since June

** More than 2.7 mln shares change hands in early trade, 2.1x its 30-day avg

** Mean rating of four analysts covering the stock is "buy;" median PT is 449 rupees - LSEG data

** Stock up 20.6% YTD, after gaining 77% in 2023

($1 = 83.0125 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

Feb 15 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• JV DECLARED AS L-1 BIDDER FOR TENDER WORTH 4.13 BILLION RUPEES

Source text for Eikon: ID:nBSEKRSSF

Further company coverage: DIBL.NS

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** Shares of L&T LART.NS, KNR Constructions KNRL.NS, Ashoka Buildcon ASOK.NS, J K Infraprojects JKIP.NS down 1%-3%

** India plans 11.1% increase in infra spending to 11.11 trillion rupees ($133.91 billion) in budget

** "(The increase) aligns closely with nominal growth estimates," said Pradeep Gupta, co-founder & vice-chairman, Anand Rathi Group

** "However, to address challenges of deteriorating infrastructure, India must consider a more substantial increase in investment rather than a reduction," Gupta said

** L&T 2.6% fall the most, with ABDL, KNRL and JKIP falling 1.9%, 0.9% and 1.1%, respectively

($1 = 82.9670 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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Dec 14 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• RECEIVED LETTER OF ACCEPTANCE (LOA) FOR A PROJECT

• RECEIVED LOA FOR A PROJECT WITH PROJECT COST OF 2.70 BILLION RUPEES

Source text for Eikon: ID:nBSEcbyBWp

Further company coverage: DIBL.NS

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** Order momentum for Indian engineering, procurement and construction (EPC) companies could moderate from Q4 - India Ratings and Research

** Order award activity has halved in 7 months of FY24 in highway sector, India Ratings says; flags, overall awards could undershoot expectations in FY24

** Says lull setting in due to general elections, potentially lowering revenue visibility for FY25

** Road sector could face muted revenue growth in 2HFY24, while margins may ease from historical averages on competitive pressure - India Ratings

** Adds, fourth-quarter operations could be hit by unavailability of adequate labour amid elections

** Says EPC sector EBITDA margins to improve in H2; gains limited to 30-40 bps for FY, versus initial expectation of 100 bps

(Reporting by Sethuraman NR)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of infrastructure co Dilip Buildcon DIBL.NS rise as much as 7.6% to hit a 22-month high of 404.35 rupees

** Stock on track for third straight session of gains, if trend holds

** DIBL gained more than 23% in last nine days, barring one

** Stock's Relative Strength Index at 76.3, indicating it may be overbought - LSEG data

** Infrastructure firms are riding a demand boom as govt spends more on construction and infrastructure projects ahead of state and general elections

** More than 5.3 mln shares traded by 11:03 a.m. IST, 3x their 30-day avg

** DIBL up ~85% YTD

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

** Shares of infrastructure firm Dilip Buildcon DIBL.NS, fall 2.5%, after rising as much as 2.9% in early trade

** Stock on track to snap five straight sessions of gains, if losses hold

** Co says net order book as of Sept-end stood at 239.89 bln rupees, down from 263.38 bln rupees last year

** Q2 consolidated net profit post four-fold jump, with a near 10% jump in revenue from ops, helped by growth in engineering, procurement and construction projects

** As of last close, DIBL up ~59%

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

Nov 7 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• DILIP BUILDCON - APPROVED FUND RAISING BY WAY OF ISSUE OF WARRANTS ON PREFERENTIAL BASIS

• INDIA'S DILIP BUILDCON SEPT-QUARTER CONSOL NET PROFIT 686.3 MILLION RUPEES VERSUS 170.1 MILLION RUPEES

• DILIP BUILDCON SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 28.49 BILLION RUPEES VERSUS 25.96 BILLION RUPEES

• DILIP BUILDCON LTD - TO ISSUE 16.2 MILLION CONVERTIBLE WARRANTS AT 328.05 RUPEES PER WARRANT

Source text for Eikon: ID:nBSE2F5wG0

Further company coverage: DIBL.NS

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Nov 2 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• WILL CONSIDER APPROPRIATE FUND-RAISING OPTIONS

Source text for Eikon: ID:nBSE5S5P50

Further company coverage: DIBL.NS

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** Shares of infra development co Dilip Buildcon DIBL.NS rise as much as 3.6% to 319.9 rupees

** Co said on Monday, signed agreement for an engineering, procurement and construction project worth 3.97 billion rupees ($47.7 million) in Rajasthan

** More than 450,000 shares change hands by 9:41 a.m. IST vs 30-day avg of 1.2 mln shares

** DIBL up 2.4% as of 09:41 a.m. IST, extending YTD gains to ~46%

($1 = 83.2200 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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