Dilip Buildcon surges on receiving LoA through Joint Venture from Madhya Pradesh Jal Nigam Maryadit
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Dilip Buildcon is currently trading at Rs. 246.55, up by 1.60 points or 0.65% from its previous closing of Rs. 244.95 on the BSE.
The scrip opened at Rs. 249.00 and has touched a high and low of Rs. 251.50 and Rs. 245.25 respectively. So far 30269 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. 187.40 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 254.50 and Rs. 236.40 respectively. The current market cap of the company is Rs. 3605.66 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 15.47% and 14.38% respectively.
Dilip Buildcon through Dilip Buildcon -Skyway Infraprojects, DBL-SIPL (JV) has received the letter of acceptance (LoA) on August 08, 2022 from Madhya Pradesh Jal Nigam Maryadit, Bhopal for project of Engineering, Procurement, Construction, Testing, Commissioning, Trial Run and Operation & Maintenance of Various Components of Gandhisagar-2 Multi-Village Scheme, Districts Mandsaur and Neemuch in Single Package on ‘Turn-Key Job Basis’ including Trial Run and Operation & Maintenance of the Entire Water Supply Scheme for 10 Years in the state of Madhya Pradesh. The project cost is Rs 1400.04 crore. The completion period of the project is 28 months.
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.
