Dilip Buildcon gains on getting provisional completion certificate for Maharashtra project
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Dilip Buildcon is currently trading at Rs. 248.25, up by 0.80 points or 0.32% from its previous closing of Rs. 247.45 on the BSE.
The scrip opened at Rs. 250.15 and has touched a high and low of Rs. 252.35 and Rs. 247.20 respectively. So far 26168 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 749.30 on 13-Oct-2021 and a 52 week low of Rs. 233.80 on 29-Mar-2022.
Last one week high and low of the scrip stood at Rs. 273.70 and Rs. 245.45 respectively. The current market cap of the company is Rs. 3632.71 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 16.88% and 12.97% respectively.
Dilip Buildcon has received provisional completion certificate for the project of ‘Four Laning of Sangli-Solapur (Package-1 Sangli to Borgaon) section of NH-166 form existing Ch. Km 182.195 to Ch 219.956 (Design Ch km 182.556 to km 224.000) of length 41.444 km in the State of Maharashtra on Hybrid Annuity Mode’. The Provisional Completion Certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on April 25, 2022. The project cost is Rs 1102.40 crore.
Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.
