Dilip Buildcon soars on executing contract agreement with Gujarat Metro Rail Corporation
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Dilip Buildcon is currently trading at Rs. 243.25, up by 5.20 points or 2.18% from its previous closing of Rs. 238.05 on the BSE.
The scrip opened at Rs. 243.20 and has touched a high and low of Rs. 248.25 and Rs. 242.15 respectively. So far 23987 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 590.00 on 08-Dec-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. 248.25 and Rs. 223.00 respectively. The current market cap of the company is Rs. 3554.49 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 15.43% and 14.41% respectively.
Dilip Buildcon (DBL) has executed a contract agreement with the Gujarat Metro Rail Corporation (GMRC) on December 02, 2022 for 'Construction of 8.702 kms elevated viaduct and 7 nos. stations (Excl. E&M, Architectural Finishing and Roofing) from Majura Gate (Ch.9090 m) to Saroli Dead End (Ch. 17791.851 m) under corridor-2 in connection with Surat Metro Rail Project Phase - 1 (Pkg-CS-6).' The project cost is Rs 702.02 crore with completion period of 26 months.
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.
