Dilip Buildcon soars on getting LoA for Andhra Pradesh greenfield highway project
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Dilip Buildcon is currently trading at Rs. 172.75, up by 3.80 points or 2.25% from its previous closing of Rs. 168.95 on the BSE.
The scrip opened at Rs. 169.25 and has touched a high and low of Rs. 173.40 and Rs. 169.25 respectively. So far 25077 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. 192.90 and Rs. 165.45 respectively. The current market cap of the company is Rs. 2525.86 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 the letter of acceptance (LOA) for development of Six-Lane Access Controlled Greenfield Highway from Audireddipalle (Ch.160+000) to Mallapalle (Ch. 176+000) of [NH544G] Bengaluru-Vijayawada Economic Corridor on HAM Mode under Bharatmala Pariyojana Phase-I in the State of Andhra Pradesh (Package-07) from the National Highways Authority of India. The bid project cost for the said project is Rs 780.12 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.
