Dilip Buildcon Ltd. witnessed a significant surge in its share price, climbing nearly 6% to ₹481.20 during Thursday’s trading session, after securing a ₹2,631.14 crore contract from Bharat Sanchar Nigam Ltd. (BSNL). The contract, awarded under the BharatNet Phase-III project, aims to enhance broadband connectivity in Jammu & Kashmir and Ladakh, marking a major milestone for the infrastructure firm.
The project, funded by the Universal Service Obligation Fund (USOF), involves the “Design, Supply, Construction, Installation, Upgradation, Operation, and Maintenance” of the middle-mile network. Dilip Buildcon’s DBL-STL Consortium will execute 70.23% of the contract, which includes a three-year construction period followed by a ten-year maintenance commitment.
This strategic win underscores Dilip Buildcon’s growing presence in India’s digital infrastructure sector. The BharatNet initiative is expected to play a pivotal role in driving digital transformation in rural and remote areas, providing high-speed internet access to underserved regions. Improved connectivity will benefit local businesses, educational institutions, and government services, fostering economic development in the region.
The stock’s rally reflects investor confidence in Dilip Buildcon’s ability to secure large-scale, government-backed projects. With this latest achievement, the company continues to strengthen its portfolio and contribute to India’s mission of enhancing digital access across the nation.
