Dilip Buildcon has reached a significant operational milestone, emerging as the lowest bidder (L1) for a major flood protection project in Gujarat. The contract, valued at **668.02 crore**, focuses on constructing an embankment along the Narmada River in the Bharuch district. The project is structured on an Engineering, Procurement, and Construction (EPC) basis. The company is expected to complete the works within a **24-month** timeline. This win further strengthens the firm’s presence in Gujarat, following a recent **124 crore** contract for an air turbine fuel pipeline. As of February 18, 2026, Dilip Buildcon’s share price reacted positively to the news, surging over **3.6%** to reach approximately **450.70**. The company’s market capitalization currently stands near **7,065 crore**, reflecting investor confidence despite recent volatility in the broader infrastructure sector. The company’s order book has now hit an all-time high of approximately **29,372 crore**. This record backlog provides multi-year revenue visibility, with the portfolio well-diversified across roads, mining, irrigation, and water supply. Management has guided for a revenue recovery in the coming fiscal year, targeting the **10,000 crore** mark. Financially, the firm reported a consolidated revenue of **2,138 crore** for the December quarter. While operational revenue saw some pressure, the net profit surged to **789 crore**, bolstered by a one-time gain of **585 crore** from the monetization of road assets through its InvIT platform. The broader Indian infrastructure sector remains a primary growth driver for the economy. The Union Budget 2026–27 has allocated a record **12.2 lakh crore** for capital expenditure, a **12%** increase over the previous year. This sustained fiscal support is expected to drive an **8.8%** compound annual growth rate in construction through 2030. Dilip Buildcon is currently focused on deleveraging its balance sheet. Net debt has been reduced significantly from its peak of **3,392 crore**, while the company maintains a disciplined annual capital expenditure of roughly **100 crore**. Analysts maintain a target price range between **458** and **514** as the company transitions toward a leaner, asset-light operating model. The Bharuch project is critical for regional safety, designed to mitigate flood risks from the Narmada River. For the company, it represents a successful expansion into specialized water infrastructure, a segment that is seeing increased government tendering activity across the country. [Dilip Buildcon Q3 FY26 Results and Growth Outlook](https://www.google.com/search?q=https://www.youtube.com/watch%3Fv%3DKshvN9zG3i8) This video provides an in-depth analysis of the company's record-high order book and its strategic shift towards high-margin infrastructure projects.