Dilip Buildcon Clinches ₹13.41 Billion Kerala Twin Tube Tunnel Project, Shares Surge

Dilip Buildcon Limited has secured a Letter of Award (LOA) for a landmark ₹13.41 billion (₹1,341 crore) infrastructure project, marking a significant win in Kerala’s ambitious connectivity drive. The project, commissioned by Konkan Railway Corporation Ltd., involves the construction of a twin tube unidirectional tunnel and a four-lane approach road, linking Anakkampoyil, Kalladi, and Meppadi in the challenging terrains of Kozhikode and Wayanad districts.

 

Key Highlights:

 

Project Scope: The contract covers an 8.275 km twin-tube tunnel, each tube featuring two lanes and a 10-metre finished width, including footpaths. The route traverses the Western Ghats, with altitudes ranging from 679m to 852m, and overburden up to 1,080m, making it an engineering feat.

 

Strategic Importance: This tunnel will bypass the congested Thamarassery Ghat stretch of NH 766, drastically reducing travel time and improving safety for commuters between Kozhikode and Wayanad. The project is expected to boost regional development and ease logistics for residents and businesses.

 

Execution Timeline: Construction is slated for completion within 48 months. All land acquisition and environmental clearances have been finalized, with the Kerala government prioritizing the project as a key infrastructure initiative.

 

Financial Impact: Following the announcement, Dilip Buildcon’s shares surged over 4%, reflecting strong investor confidence. The company reported a robust net profit and EBITDA growth in the June quarter, further strengthening its financial position.

 

Broader Vision: The project is part of a larger ₹2,134 crore initiative, with additional funds allocated for approach roads, underscoring Kerala’s commitment to transformative infrastructure.

 

This win cements Dilip Buildcon’s reputation as a leader in executing complex, high-value projects, setting the stage for enhanced connectivity and economic growth in Kerala.

 

Sources: Rail Analysis, Onmanorama, Moneycontrol