Dilip Buildcon jumps on executing EPC agreement for Madhya Pradesh project
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Dilip Buildcon is currently trading at Rs. 247.35, up by 2.50 points or 1.02% from its previous closing of Rs. 244.85 on the BSE.
The scrip opened at Rs. 244.00 and has touched a high and low of Rs. 250.05 and Rs. 244.00 respectively. So far 12875 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. 250.35 and Rs. 241.30 respectively. The current market cap of the company is Rs. 3616.63 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 its Skyway Infraprojects DBL -SIPL (JV) has executed an EPC agreement with the Madhya Pradesh Jal Nigam Maryadit (MPJNM) Bhopal (MP). The project is for engineering, procurement, construction, testing, commissioning, trial run and operation and 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 and Maintenance of the Entire Water Supply Scheme for 10 years in the state of Madhya Pradesh. The project cost is Rs 1400.04 crore with completion period of 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.
