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Dilip Buildcon Ltd

Type: Public Traded as: NSE: DBL, BSE: 540047 Industry: Construction and Engineering Founded: 1988 Founders: Dilip Suryavanshi Headquarters: Bhopal, Madhya Pradesh, India Key People: Mr. Dilip Suryavanshi, Owner, Chairman & MD and Devendra Jain, Executive Director & CEO Products: Roads & Highways, Urban Development, Mining, Irrigation Services: Construction & Contracting Area served: Pan India Revenue: INR 53,192 million No. of employees: 25,2905 Website: http://dilipbuildcon.com

 Introduction Dilip Buildcon Limited is an India-based company engaged in the business of infrastructure facilities on engineering procurement and construction (EPC) basis. The Company undertakes contracts from various government and other parties and special purpose vehicles promoted by the Company. It operates through construction and engineering contracts segment. Its business of construction and development of infrastructure is at nascent-stage and no operations have commenced.

History
 * Incorporated in 2006 in the name of Dilip Buildcon Private Limited
 * Converted to a public limited company in 2010 as Dilip Buildcon Limited
 * Major breakthrough in 2010 with first order win of Rs5.0bn and the first order outside Madhya Pradesh
 * In 2015, the company achieved revenues more than Rs25bn and order book over Rs50bn. Also, completed 5,000 lane kms of road project in the period of FY09-15.

Organization

Execution focus DBL has delivered nearly 47 projects (>90% of total) on time/early in the last five years. This has led to early completion bonuses totaling Rs3.2bn over last five years. In FY17, it earned bonuses of Rs1.1bn, or 2.1% of its revenue. It attributes its strong execution record to: (a) an in-house equipment fleet of 8,525 vehicles and other equipment – one of the largest in the country; (b) minimal sub-contracting; and (c) strong operating systems and controls (using GPS for tracking, in-house repair and maintenance etc.) for monitoring execution.

Diversified business The order book is diversified geographically as well as by clientele. (a) Geographically: It has projects across 13 states with Maharashtra forming 28% of the order book, followed by Madhya Pradesh (16%), Uttar Pradesh (15%) and Andhra Pradesh (11%). (b) Client wise: NHAI forms 53% of the current order book, followed by MoRTH (27%), and Northern Coalfields (10%), while private clients form just 1% of the book. Subsidiaries Its subsidiaries include DBL Ashoknagar-Vidisha Tollways Limited, DBL Bankhlafata Dongawa Tollways Limited, DBL Jaora Sailana Tollways Limited, DBL Mundi-Sanawad Tollway Limited, DBL Nadiad Madosa Tollways Limited, DBL Sardarpur Badanwar Tollways Limited, DBL Silwani Sultanganj Tollways Limited, DBL Sitamou Suwasara Tollways Limited, DBL Uchera Nagod TollwaYs Limited, DBL Betul SarniTollwaYs Limited, DBL Tikamgarh Nowgaon Tollways Limited, Suryavanshi Infrastructure Pvt. Limited and Bhavya Infra & Systems Private Limited.

Joint Ventures Dilip Buildcon has entered into a joint venture with Ukranian company, Mostobudivelnyi Zahin Limited (MBZ) with a 74% and 26% stake respectively, to construct the cable stay bridge. MBZ has experience in construction of bridges including suspension bridge of 840 metres with a central span of 520 metres and is the technical partner to Dilip Buildcon Limited for this project. MBZ’s involvement is to support in design, technical matters and execution. Zuari cable stayed bridge is a high demand project as the existing bridge in Zuari River connecting Panjim and Mangalore does not cater to heavy vehicle movements due to its poor condition.

<H2>Key People</H2>
 * Mr. Dilip Suryavanshi, CMD, has over 32 years of experience in the construction business. He is currently the President of the Madhya Pradesh Builders Association. He holds a bachelor’s degree in civil engineering from the University of Jabalpur.
 * Mr. Devendra Jain, ED & CEO, has over 17 years of experience in the construction business. He is responsible for project implementation.

<H2>Operating Divisions</H2>
 * Roads & Highways
 * Urban Development
 * Mining
 * Irrigation

<H2>Notable Projects</H2>

<H3>Zuari Bridge</H3> Dilip Buildcon bagged a Rs 545.4 crore contract from the Ministry of Road Transport and Highways (MoRTH) in Mar 2016 to construct a 640 metre eight-lane cable-stayed bridge across the Zuari river in Goa. This would be the second largest cable bridge length-wise in India, after Vidyasagar Setu in Kolkata.

DBL has partnered with Ukrainian firm Mostobudivelnyi Zahin (MBZ) for its technical expertise to construct the cable bridge. In Aug 2016, DBL also won the bid to build approach roads on either side of the bridge. The construction of the approach roads are estimated at around Rs 600 crore. The approach roads to the new eight-lane cable stay Zuari bridge will stretch up to Siridao on one side and Verna on the other.

<H3>Overburden Khairagura OCP </H3> In Sept 2016, Dilip Buildcon Ltd has received LOI for OB Removal work at Khairagura OCP, BPA Area of Telangana Coal Mine Project for a period of 36 months in the state of Telengana.

<H3>Nigahi OCP (Open Cast Project) of NCL</H3> State-owned CIL arm Northern Coalfields awarded Rs. 1,469.84-crore project to DBL-DECO, a joint venture of Dilip Buildcon, for excavation work at one of its open cast mines.

<H3> Mohanpura-Major-Multipurpose-Project</H3> The Mohanpura Major Multipurpose project is planned across Newaj River in Rajgarh District of M. P. intercepting 3825 km2 of basin area. The project envisages construction of a 47.90 m high and 2640 m long composite dam across Newaj River near village Banskhedi in district Rajgarh, Madhya Pradesh.

<H3>Vijayawada – Machilipatnam</H3>  The 95.36-km four-laning project of the Ambala-Kaithal section of NH-65 was launched in October 2015. The project will complete in 30 months.

<H3>Ambala – Kaithal</H3>  With the aim of enhancing traffic capacity and safety of traffic on a 50.86 km-stretch of NH65, NHAI awarded DBL an EPC project in 2015. The mandate is to expand the existing two-lane carriageway to a four-lane carriageway with paved shoulders. The project is scheduled to be completed in 2018. National Highways Authority of India (NHAI) sources said the contract for the project worth Rs 813.73 crore had been allotted to three construction companies of Gujarat and Rajasthan. Dilip Buildcon Ltd and Varaha Infra Ltd will jointly undertake the project up to 50.86 km, while Sabhav Engineering Ltd will complete the remaining stretch.

<H2> Listing and Shareholding</H2> In 2016, DBL became a publicly listed company through initial public offering. The IPO was oversubscribed multiple times and gave handsome returns to the investors upon listing. The equity shares of the company are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

<H2>External links </H2> Official Dilip Buildcon Limited website