In a major order win in Kerala, a joint venture involving Dilip Buildcon Ltd (DBL) has been declared the lowest bidder (L-1) for a ₹1,115.37 crore Engineering, Procurement & Construction (EPC) contract under the Kerala Industrial Corridor Development Corporation (KICDC).
The project, located in the Palakkad Node, is seen as a key component of the state’s broader effort to accelerate infrastructure development and attract industrial investment.
The contract has been awarded to the DBL-PSP joint venture, in which Dilip Buildcon holds approximately 74 per cent stake. Under the tender floated by KICDC, the JV submitted the most competitive bid, outpacing other contenders to secure the EPC project at the stipulated cost.
Details of the project location indicate it pertains to the Palakkad Node under the Kerala Industrial Corridor, which is being developed as part of the state’s strategy to improve connectivity and industrial infrastructure.
The scope of the project is expected to include civil construction, site preparation, internal roads, utility infrastructure, drainage, and other public works typically involved in readying an industrial node for investment.
Although the precise technical specifications have not been fully disclosed in reports, the size of the project indicates substantial scale and significance for regional growth.
The awarding of this order had immediate impact on market sentiment. Shares of Dilip Buildcon surged nearly 6 per cent following the announcement, reflecting investor optimism about the company’s future earnings potential and its ability to clinch large infrastructure contracts.
For KICDC, the selection of DBL-PSP as the L-1 bidder represents a step forward in the execution of the state’s industrial corridor ambitions.
Kerala Industrial Corridor Development Corporation has been tasked with developing industrial nodes equipped with modern infrastructure to attract industrial enterprises, facilitate job creation, and boost the local economy. Projects of this magnitude are integral to fulfilling those strategic objectives.
While the financial cost of ₹1,115.37 crore is significant, it excludes GST, and the contract is likely to involve multiple stakeholders including state authorities, contractors and possibly sub-contractors handling various utilities or service components.
Timelines for completion, funding arrangements, and the precise division of responsibilities within the joint venture have not yet been publicly disclosed.
Analysts observing the order book of DBL note that this win helps reinforce its positioning in large-scale infrastructure projects, particularly within state industrial corridor programmes.
The company’s ability to deliver EPC solutions at competitive costs, while navigating regulatory, environmental, and land acquisition challenges, is likely to be closely watched in similar tenders in future.
In summary, the DBL-PSP JV’s selection as L-1 bidder for the Palakkad Node project underscores both the growing momentum of industrial corridor development in Kerala and Dilip Buildcon’s growing footprint in delivering large infrastructure contracts.
As the project moves toward execution, stakeholders will monitor progress on implementation, quality of infrastructure, and ability to meet deadlines—all of which will be critical for the long-term credibility of both KICDC and its partners in the private sector.
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