Dilip Buildcon rises on getting completion certificate for Maharashtra project
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Dilip Buildcon is currently trading at Rs. 244.75, up by 0.30 points or 0.12% from its previous closing of Rs. 244.45 on the BSE.
The scrip opened at Rs. 247.90 and has touched a high and low of Rs. 248.45 and Rs. 242.65 respectively. So far 25422 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 266.55 on 04-Jul-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. 255.15 and Rs. 240.95 respectively. The current market cap of the company is Rs. 3574.96 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 has received Completion Certificate for the project ‘construction of access controlled Nagpur-Mumbai Super Communication Expressway (Maharashtra Samruddhi Mahamarg) in the state of Maharashtra on EPC mode for Package-12, from Km. 532.094 to Km. 577.739 in section-Village Pathare Kh. To Village Sonari in district Nashik’. The project cost is Rs 1698 crore.
The completion certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on December 03, 2022.
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.
