Dilip Buildcon rises on getting LoA from NHAI for Chhattisgarh project
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Dilip Buildcon is currently trading at Rs. 269.80, up by 1.10 points or 0.41% from its previous closing of Rs. 268.70 on the BSE.
The scrip opened at Rs. 268.50 and has touched a high and low of Rs. 277.80 and Rs. 264.75 respectively. So far 65366 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. 237.95 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 284.85 and Rs. 237.95 respectively. The current market cap of the company is Rs. 3931.72 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 19.77% and 10.08% respectively.
Dilip Buildcon has received the letter of acceptance (LoA) on February 28, 2022 from the National Highways Authority of India (NHAI) for development of Six Lane Sargi Basanwahi Section of NH-130-CD Road from km 42+800 to km 99+500 under Raipur-Visakhapatnam Economics corridor in the state of Chhattisgarh on Hybrid Annuity Mode (Package CG-2) (Length 56.700 km). The Completion period of the project is 24 months. The bid project cost is Rs 1255.00 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.
