Dilip Buildcon climbs as its JV gets LOA worth Rs 699.03 crore
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Dilip Buildcon is currently trading at Rs. 310.05, up by 3.75 points or 1.22% from its previous closing of Rs. 306.30 on the BSE.
The scrip opened at Rs. 305.25 and has touched a high and low of Rs. 315.40 and Rs. 304.05 respectively. So far 53525 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 347.80 on 02-Aug-2023 and a 52 week low of Rs. 159.70 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 315.40 and Rs. 292.20 respectively. The current market cap of the company is Rs. 4527.55 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 11.60% and 18.26% respectively.
Dilip Buildcon through Dilip Buildcon - Vijay Kumar Mishra Construction [DBL-VKMCPL (JV)] has received the letter of acceptance (LOA) dated August 16, 2023 from the Water Resource Department in the state of Madhya Pradesh, District -Mandsaur.
The project is for ‘Construction of Malhargarh Pressurized Micro Lift Major Irrigation Project on turnkey basis (Project for 46500 Ha. Irrigation) comprising of preparation of Construction drawings & design, obtaining approval of all construction drawing & design from the competent authority including construction of all civil, mechanical and electrical works involved in the construction of Project.’ The project cost is Rs 699.03 crore. The completion period of the project is 36 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.
