Dilip Buildcon surges after its arm executes concession agreement with NHAI for Karnataka project
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Dilip Buildcon is currently trading at Rs. 517.35, up by 5.10 points or 1.00% from its previous closing of Rs. 512.25 on the BSE.
The scrip opened at Rs. 512.25 and has touched a high and low of Rs. 520.60 and Rs. 512.25 respectively. So far 11884 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 719.00 on 04-Mar-2021 and a 52 week low of Rs. 320.80 on 30-Oct-2020.
Last one week high and low of the scrip stood at Rs. 527.45 and Rs. 507.30 respectively. The current market cap of the company is Rs. 7557.85 crore.
The promoters holding in the company stood at 70.15%, while Institutions and Non-Institutions held 21.52% and 8.32% respectively.
Dilip Buildcon’s wholly owned subsidiary -- Sannur Bikarnakette Highways has executed the concession agreement with the National Highways Authority of India (Ministry of Road Transport and Highways) on September 10, 2021 for the project of ‘Four Laning of Sannur to Bikarnakette Section from Existing Km 698.850 (Design Km 691+350) to Existing Km 744.190 (Design Km 736+362) of NH- 169 under Bharathmala Pariyojana on Hybrid Annuity Mode in the State of Karnataka (Package II)’.
The Bid project cost is Rs 1137.00 crore and Completion period of the project is 24 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.
