Dilip Buildcon rises on getting provisional completion certificate for Maharashtra project
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Dilip Buildcon is currently trading at Rs. 181.30, up by 2.50 points or 1.40% from its previous closing of Rs. 178.80 on the BSE.
The scrip opened at Rs. 178.25 and has touched a high and low of Rs. 182.45 and Rs. 178.05 respectively. So far 8440 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.35 on 11-Apr-2022 and a 52 week low of Rs. 165.45 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 182.45 and Rs. 167.75 respectively. The current market cap of the company is Rs. 2655.26 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 14.66% and 15.19% respectively.
Dilip Buildcon has received Provisional Completion Certificate for project 'Construction of Access Controlled Nagpur-Mumbai Super Commination 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 Provisional Completion Certificate has been issued by the authority and had declared the project fit for entry into commercial operation as on November 08, 2022. The project cost was Rs 1698.00 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.
