Dilip Buildcon Shares Surge Up to 6% on Securing ₹702 Crore Narmada Flood Protection Project

(DBL) shares jumped as much as 6% in intraday trading on February 18, 2026, after the company was declared the L-1 (lowest) bidder for a major infrastructure contract worth approximately ₹702 crore from the Narmada Water Resources, Water Supply & Kalpasar Department, Government of Gujarat. The project involves the Engineering, Procurement, and Construction (EPC) of a flood protection embankment along the Narmada River in Bharuch district. It is slated for completion over a 24-month period, bolstering the company's presence in water resources and civil infrastructure amid India's emphasis on flood mitigation. (Note: Some reports cite the order value as ₹668 crore, possibly excluding taxes or reflecting preliminary estimates, while the company and majority sources reference around ₹702 crore.) This latest win adds to Dilip Buildcon's growing order book, following its recent authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) for a separate ₹124 crore ATF pipeline project in Gujarat (also over 24 months). The stock closed the previous session at ₹435 (up ~1%), with trading today pushing levels toward ₹450–₹461 in early/mid sessions. Its 52-week range stands at a low of ₹381.05 (April 2025) and a high of ₹587.90 (September 2025).