Dilip Buildcon jumps on getting LoA for Surat Metro Rail Project
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Dilip Buildcon is currently trading at Rs. 219.40, up by 4.25 points or 1.98% from its previous closing of Rs. 215.15 on the BSE.
The scrip opened at Rs. 220.10 and has touched a high and low of Rs. 238.10 and Rs. 219.00 respectively. So far 47501 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. 238.10 and Rs. 209.00 respectively. The current market cap of the company is Rs. 3207.96 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 joint venture RBL-DBL has received letter of acceptance (LoA) from Guiarat Metro Rail Corporation (GMRC) (Authority) in the state of Gujarat. The project is for construction of 10.559 km elevated Viaduct and 11 nos, station (Excl, E&M, Architectural Finishing and Roofing) from Bheshan Dead End (ch. 949.63 m) to Majura Gate Station (ch. 9090m) including Viaduct Ramp to Depot Entry near Bheshan for Surat Metro Rail Project phase- 1, Corridor-2 (Package 1) (Pkg-CS-5). The order is worth Rs 1,061 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.
