Dilip Buildcon jumps on getting completion certificate for Odisha project
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Dilip Buildcon is currently trading at Rs. 230.50, up by 4.35 points or 1.92% from its previous closing of Rs. 226.15 on the BSE.
The scrip opened at Rs. 226.55 and has touched a high and low of Rs. 239.80 and Rs. 225.95 respectively. So far 132029 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 260.75 on 02-Aug-2022 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. 239.80 and Rs. 214.00 respectively. The current market cap of the company is Rs. 3400.96 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 13.74% and 16.11% respectively.
Dilip Buildcon has received Completion Certificate for the project ‘Rehabilitation and Up-gradation to Six-Laning of Chandikhole-Bhadrak Section of NH-5 (New NH-16) from km 62.000 to km 136.500 in the State of Odisha as Hybrid Annuity mode under NHDP Phase V.’ The company has received the letter of Completion Certificate from the authority. The project cost is Rs 1522 crore. The company has completed the project through subsidiary ‘DBL Chandikhole Bhadrak Highways’.
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.
