Dilip Buildcon surges on incorporating new SPV company as wholly owned subsidiary
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Dilip Buildcon is currently trading at Rs. 248.00, up by 6.85 points or 2.84% from its previous closing of Rs. 241.15 on the BSE.
The scrip opened at Rs. 241.15 and has touched a high and low of Rs. 250.00 and Rs. 241.15 respectively. So far 51745 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. 254.95 and Rs. 233.80 respectively. The current market cap of the company is Rs. 3588.85 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 19.77% and 10.08% respectively.
Dilip Buildcon has incorporated ‘Raipur- Visakhapatnam - CG-2 Highways’ a new SPV Company as a wholly owned subsidiary. The company has incorporated new SPV company for Development of Six Lane Sargi -Basanwahi Section of NH-130-CD Road from km 42+800 to km 99+500 under Raipur-Visakhapatnam Economics Corridor in the state of Chhattisgarh on Hybrid Annuity Mode (Package - CG-2) (Length 56.700 km). Bid project cost of the said project is Rs 1255.00 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.
